American Woodmark (AMWD) Cut to Sell at BidaskClub

BidaskClub lowered shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a sell rating in a report published on Saturday.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of American Woodmark from a hold rating to a buy rating and set a $89.00 price objective for the company in a report on Friday, August 25th. Robert W. Baird lifted their price objective on shares of American Woodmark from $108.00 to $142.00 and gave the company an outperform rating in a report on Monday, December 4th.

American Woodmark (AMWD) opened at $123.50 on Friday. American Woodmark has a 52 week low of $69.65 and a 52 week high of $136.05. The company has a current ratio of 3.41, a quick ratio of 2.95 and a debt-to-equity ratio of 0.04. The company has a market cap of $1,907.03, a PE ratio of 26.53 and a beta of 1.57.

American Woodmark (NASDAQ:AMWD) last released its quarterly 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). American Woodmark had a return on equity of 20.56% and a net margin of 6.98%. The firm had revenue of $274.80 million for the quarter, compared to analysts’ expectations of $280.60 million. During the same period in the prior year, the firm posted $1.10 earnings per share. American Woodmark’s revenue for the quarter was up 4.1% on a year-over-year basis. analysts predict that American Woodmark will post 4.96 earnings per share for the current year.

In related news, insider Steven Cary Dunston sold 500 shares of American Woodmark stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $99.35, for a total transaction of $49,675.00. Following the completion of the sale, the insider now owns 48,609 shares in the company, valued at approximately $4,829,304.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Roger Perry Campbell sold 3,000 shares of American Woodmark stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $89.29, for a total transaction of $267,870.00. Following the sale, the senior vice president now owns 11,415 shares of the company’s stock, valued at approximately $1,019,245.35. The disclosure for this sale can be found here. Insiders have sold a total of 94,168 shares of company stock valued at $9,263,644 in the last quarter. 1.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AMWD. Royal Bank of Canada raised its holdings in shares of American Woodmark by 274.8% in the 2nd quarter. Royal Bank of Canada now owns 3,564 shares of the company’s stock valued at $340,000 after purchasing an additional 2,613 shares in the last quarter. Strs Ohio bought a new stake in shares of American Woodmark in the 3rd quarter valued at about $877,000. Tributary Capital Management LLC raised its holdings in shares of American Woodmark by 45.5% in the 3rd quarter. Tributary Capital Management LLC now owns 160,859 shares of the company’s stock valued at $15,483,000 after purchasing an additional 50,301 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of American Woodmark in the 2nd quarter valued at about $558,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of American Woodmark in the 2nd quarter valued at about $322,000. Institutional investors own 82.65% of the company’s stock.

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About American Woodmark

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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