American Woodmark (NASDAQ:AMWD) had its price target upped by Robert W. Baird from $108.00 to $142.00 in a research note issued to investors on Monday. Robert W. Baird currently has an outperform rating on the stock.
A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of American Woodmark from a buy rating to a hold rating in a research note on Monday, August 28th. BidaskClub upgraded shares of American Woodmark from a sell rating to a hold rating in a research note on Saturday.
American Woodmark (AMWD) traded down $5.65 during mid-day trading on Monday, reaching $122.05. 382,600 shares of the company were exchanged, compared to its average volume of 111,415. The firm has a market cap of $2,075.11, a PE ratio of 28.50 and a beta of 1.57. The company has a quick ratio of 2.95, a current ratio of 3.41 and a debt-to-equity ratio of 0.04. American Woodmark has a one year low of $69.65 and a one year high of $136.05.
American Woodmark (NASDAQ:AMWD) last released its earnings results on Friday, December 1st. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.01). The company had revenue of $274.80 million during the quarter, compared to analyst estimates of $280.60 million. American Woodmark had a return on equity of 20.56% and a net margin of 6.98%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. sell-side analysts anticipate that American Woodmark will post 4.92 earnings per share for the current year.
In related news, insider Steven Cary Dunston sold 500 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $99.35, for a total value of $49,675.00. Following the completion of the transaction, the insider now directly owns 48,609 shares in the company, valued at approximately $4,829,304.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Roger Perry Campbell sold 3,000 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $89.29, for a total transaction of $267,870.00. Following the completion of the transaction, the senior vice president now owns 11,415 shares of the company’s stock, valued at $1,019,245.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,168 shares of company stock valued at $9,263,644. Company insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of AMWD. Riverhead Capital Management LLC increased its holdings in American Woodmark by 99.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock worth $114,000 after acquiring an additional 599 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of American Woodmark by 78.3% during the second quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock worth $133,000 after buying an additional 612 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of American Woodmark during the second quarter worth $172,000. Pinebridge Investments L.P. grew its holdings in shares of American Woodmark by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 1,840 shares of the company’s stock worth $176,000 after buying an additional 18 shares in the last quarter. Finally, New England Research & Management Inc. purchased a new stake in shares of American Woodmark during the third quarter worth $236,000. Hedge funds and other institutional investors own 80.48% of the company’s stock.
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American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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