American Woodmark (NASDAQ:AMWD) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “American Woodmark Corporation is the third-largest manufacturer of kitchen and bath cabinets. Offering more than 340 cabinet lines in a wide variety of designs, materials and finishes, American Woodmark products are sold through a network of dealers and distributors and directly to home centers and major homebuilders. American Woodmark offers over 500 cabinet styles for the remodeling and new home construction markets under four major brands: American Woodmark, Shenandoah Cabinetry, Timberlake Cabinetry, and Waypoint Living Spaces. American Woodmark cabinetry is created to bring fashion, beauty and function to the heart of the home. American Woodmark people are committed to providing outstanding value and a superior customer experience. American Woodmark company is focused on long term, sustainable growth. They offer employees the opportunity for professional growth while maintaining a work-life balance. “
A number of other analysts also recently commented on AMWD. BidaskClub raised shares of American Woodmark from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Robert W. Baird lifted their target price on shares of American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Finally, Longbow Research upgraded shares of American Woodmark from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. American Woodmark has an average rating of “Hold” and a consensus price target of $140.00.
American Woodmark (NASDAQ:AMWD) traded down $0.45 during mid-day trading on Wednesday, reaching $112.65. 384,000 shares of the company were exchanged, compared to its average volume of 137,617. The stock has a market capitalization of $1,956.00, a P/E ratio of 30.35 and a beta of 1.59. American Woodmark has a 52-week low of $78.75 and a 52-week high of $148.44. The company has a current ratio of 2.27, a quick ratio of 1.68 and a debt-to-equity ratio of 1.57.
American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Friday, March 9th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). The company had revenue of $292.80 million for the quarter, compared to analysts’ expectations of $276.60 million. American Woodmark had a return on equity of 17.54% and a net margin of 5.56%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. analysts predict that American Woodmark will post 5.16 earnings per share for the current year.
In other American Woodmark news, major shareholder William F. Brandt sold 12,000 shares of American Woodmark stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $128.46, for a total transaction of $1,541,520.00. Following the completion of the transaction, the insider now owns 1,764,245 shares in the company, valued at $226,634,912.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven Cary Dunston sold 500 shares of American Woodmark stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $133.35, for a total transaction of $66,675.00. Following the transaction, the insider now owns 46,109 shares of the company’s stock, valued at approximately $6,148,635.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,000 shares of company stock valued at $6,153,810. 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. Citadel Advisors LLC raised its position in American Woodmark by 6,739.9% during the fourth quarter. Citadel Advisors LLC now owns 150,478 shares of the company’s stock worth $19,599,000 after acquiring an additional 148,278 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of American Woodmark by 12.7% in the fourth quarter. Renaissance Technologies LLC now owns 742,101 shares of the company’s stock valued at $96,659,000 after buying an additional 83,801 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of American Woodmark in the fourth quarter valued at approximately $8,238,000. Deutsche Bank AG raised its position in shares of American Woodmark by 422.6% in the fourth quarter. Deutsche Bank AG now owns 67,780 shares of the company’s stock valued at $8,827,000 after buying an additional 54,810 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of American Woodmark by 2.7% in the fourth quarter. BlackRock Inc. now owns 1,943,653 shares of the company’s stock valued at $253,160,000 after buying an additional 51,876 shares during the last quarter. Institutional investors own 75.58% 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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