American Woodmark (NASDAQ:AMWD) Stock Rating Lowered by Wolfe Research

American Woodmark (NASDAQ:AMWD) was downgraded by equities researchers at Wolfe Research from an “outperform” rating to a “peer perform” rating in a note issued to investors on Tuesday, MarketBeat reports.

A number of other research analysts also recently weighed in on the stock. Loop Capital lowered their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Robert W. Baird increased their price target on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, American Woodmark presently has an average rating of “Hold” and an average target price of $114.00.

American Woodmark Stock Performance

Shares of AMWD stock opened at $77.21 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $81.96 and a 200 day moving average of $89.33. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.54 and a beta of 1.61. American Woodmark has a 52 week low of $72.93 and a 52 week high of $106.57.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $452.50 million for the quarter, compared to analysts’ expectations of $458.29 million. During the same quarter in the previous year, the business posted $2.36 earnings per share. American Woodmark’s revenue for the quarter was down 4.5% on a year-over-year basis.

Insider Transactions at American Woodmark

In other American Woodmark news, Director James G. Davis sold 1,679 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $84.33, for a total value of $141,590.07. Following the completion of the sale, the director now owns 28,644 shares in the company, valued at approximately $2,415,548.52. This represents a 5.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the transaction, the chief executive officer now owns 106,432 shares in the company, valued at $9,589,523.20. The trade was a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,250 shares of company stock worth $789,898 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of American Woodmark

Several institutional investors have recently made changes to their positions in AMWD. Intech Investment Management LLC bought a new position in American Woodmark in the 3rd quarter worth approximately $749,000. Barclays PLC boosted its position in shares of American Woodmark by 267.9% during the third quarter. Barclays PLC now owns 31,316 shares of the company’s stock worth $2,927,000 after acquiring an additional 22,804 shares during the last quarter. Creative Planning purchased a new position in American Woodmark during the third quarter valued at $312,000. Franklin Resources Inc. increased its holdings in American Woodmark by 249.1% in the 3rd quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock valued at $9,572,000 after acquiring an additional 72,600 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in American Woodmark by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,463 shares of the company’s stock valued at $4,342,000 after acquiring an additional 11,975 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Company Profile

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.