Robert W. Baird Forecasts Strong Price Appreciation for American Woodmark (NASDAQ:AMWD) Stock

American Woodmark (NASDAQ:AMWD) had its price target lifted by Robert W. Baird from $115.00 to $118.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 32.30% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Wednesday, August 14th. Loop Capital raised American Woodmark from a “hold” rating to a “buy” rating and lifted their price objective for the company from $98.00 to $119.00 in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, American Woodmark presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

American Woodmark Stock Performance

NASDAQ:AMWD opened at $89.19 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $94.57 and a 200 day simple moving average of $90.35. American Woodmark has a 1-year low of $70.58 and a 1-year high of $106.57. The stock has a market cap of $1.38 billion, a P/E ratio of 13.21 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). The business had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.78 EPS.

Insider Buying and Selling at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $90.95, for a total value of $318,325.00. Following the transaction, the chief executive officer now owns 109,932 shares in the company, valued at $9,998,315.40. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On American Woodmark

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its stake in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after purchasing an additional 225 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of American Woodmark during the 2nd quarter valued at $66,000. Picton Mahoney Asset Management bought a new stake in American Woodmark during the 2nd quarter worth $71,000. Millburn Ridgefield Corp acquired a new position in American Woodmark in the 3rd quarter worth about $80,000. Finally, DekaBank Deutsche Girozentrale raised its position in American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after purchasing an additional 377 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

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.