American Woodmark Co. (NASDAQ:AMWD – Get Rating) – Analysts at Jefferies Financial Group lowered their FY2024 earnings per share (EPS) estimates for shares of American Woodmark in a research report issued to clients and investors on Wednesday, November 23rd. Jefferies Financial Group analyst C. Verron now anticipates that the company will post earnings of $5.20 per share for the year, down from their prior forecast of $5.22. The consensus estimate for American Woodmark’s current full-year earnings is $6.32 per share.
Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lowered their price objective on American Woodmark from $45.00 to $39.00 and set a “sell” rating on the stock in a research report on Thursday, October 20th. TheStreet raised American Woodmark from a “d+” rating to a “c” rating in a research report on Tuesday. StockNews.com started coverage on American Woodmark in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Robert W. Baird upped their price objective on American Woodmark from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, August 31st. Finally, Loop Capital upped their price objective on American Woodmark from $47.00 to $49.00 in a research report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.67.
American Woodmark Stock Performance
American Woodmark (NASDAQ:AMWD – Get Rating) last issued its quarterly earnings results on Tuesday, August 30th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.40. American Woodmark had a return on equity of 12.52% and a net margin of 0.68%. The firm had revenue of $542.90 million for the quarter, compared to analysts’ expectations of $514.10 million. During the same period in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year.
Hedge Funds Weigh In On American Woodmark
Several hedge funds and other institutional investors have recently modified their holdings of AMWD. SG Americas Securities LLC bought a new position in shares of American Woodmark during the 1st quarter valued at $127,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of American Woodmark by 29.3% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 50,859 shares of the company’s stock valued at $2,490,000 after buying an additional 11,517 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of American Woodmark by 16.1% during the 1st quarter. Pzena Investment Management LLC now owns 854,538 shares of the company’s stock valued at $41,830,000 after buying an additional 118,342 shares during the period. WCM Investment Management LLC lifted its holdings in shares of American Woodmark by 56.4% during the 1st quarter. WCM Investment Management LLC now owns 481,107 shares of the company’s stock valued at $23,550,000 after buying an additional 173,501 shares during the period. Finally, Swiss National Bank increased its stake in shares of American Woodmark by 7.4% in the 1st quarter. Swiss National Bank now owns 39,200 shares of the company’s stock worth $1,919,000 after purchasing an additional 2,700 shares in the last quarter. 91.57% of the stock is owned by institutional investors.
American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.
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