American Woodmark (NASDAQ:AMWD) had its price objective lifted by Wells Fargo & Co from $62.00 to $78.00 in a report released on Wednesday morning, The Fly reports. They currently have an equal weight rating on the stock.
Other research analysts have also recently issued research reports about the company. Sidoti lowered their target price on American Woodmark from $108.00 to $75.00 and set a buy rating for the company in a research note on Tuesday, April 21st. Zacks Investment Research upgraded shares of American Woodmark from a strong sell rating to a strong-buy rating and set a $80.00 target price on the stock in a report on Tuesday, June 16th. TheStreet lowered shares of American Woodmark from a b rating to a c+ rating in a research note on Monday, March 16th. BidaskClub raised shares of American Woodmark from a hold rating to a buy rating in a research report on Tuesday, June 9th. Finally, Loop Capital upgraded shares of American Woodmark from a hold rating to a buy rating and set a $80.00 price objective on the stock in a report on Thursday, June 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $75.60.
NASDAQ:AMWD opened at $73.76 on Wednesday. The company has a 50-day moving average price of $68.58 and a 200-day moving average price of $76.87. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 11.18 and a beta of 2.39. The company has a current ratio of 2.09, a quick ratio of 1.37 and a debt-to-equity ratio of 1.01. American Woodmark has a 12 month low of $35.30 and a 12 month high of $117.70.
American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, May 26th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.18). The company had revenue of $399.20 million during the quarter, compared to the consensus estimate of $373.28 million. American Woodmark had a return on equity of 16.46% and a net margin of 4.54%. American Woodmark’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 earnings per share. Equities analysts forecast that American Woodmark will post 3.65 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of AMWD. Cognios Capital LLC bought a new position in shares of American Woodmark in the first quarter worth approximately $27,000. Penserra Capital Management LLC raised its holdings in American Woodmark by 48.6% in the 4th quarter. Penserra Capital Management LLC now owns 832 shares of the company’s stock worth $90,000 after acquiring an additional 272 shares during the last quarter. Advisor Group Holdings Inc. purchased a new position in American Woodmark in the 1st quarter worth approximately $100,000. Pacer Advisors Inc. bought a new position in American Woodmark in the 1st quarter valued at approximately $134,000. Finally, AJO LP purchased a new stake in American Woodmark during the 1st quarter valued at $190,000. 93.66% of the stock is owned by institutional investors and hedge funds.
American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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