Loop Capital Issues Pessimistic Forecast for American Woodmark (NASDAQ:AMWD) Stock Price

American Woodmark (NASDAQ:AMWD) had its target price lowered by analysts at Loop Capital from $100.00 to $75.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price objective points to a potential upside of 28.48% from the company’s current price.

AMWD has been the topic of several other reports. Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Zelman & Associates restated an “underperform” rating on shares of American Woodmark in a research note on Monday, April 14th. Finally, StockNews.com downgraded American Woodmark from a “hold” rating to a “sell” rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $101.00.

American Woodmark Trading Up 0.3 %

Shares of American Woodmark stock traded up $0.16 during trading on Monday, reaching $58.38. 12,763 shares of the stock were exchanged, compared to its average volume of 168,522. American Woodmark has a 1 year low of $52.20 and a 1 year high of $106.57. The firm has a market cap of $865.99 million, a price-to-earnings ratio of 8.73 and a beta of 1.31. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $60.07 and its 200 day moving average is $77.19.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.27). The business had revenue of $397.58 million for the quarter, compared to analysts’ expectations of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMWD. Quarry LP raised its position in American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after purchasing an additional 259 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of American Woodmark by 842.0% in the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company’s stock valued at $37,000 after purchasing an additional 421 shares during the period. Public Employees Retirement System of Ohio bought a new position in American Woodmark in the fourth quarter worth approximately $43,000. GAMMA Investing LLC raised its position in American Woodmark by 32.9% during the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock valued at $47,000 after purchasing an additional 197 shares in the last quarter. Finally, KBC Group NV grew its holdings in American Woodmark by 69.6% in the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after purchasing an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About American Woodmark

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.