American Woodmark (NASDAQ:AMWD) Raised to “Hold” at StockNews.com

American Woodmark (NASDAQ:AMWD) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Other research analysts have also issued reports about the stock. Loop Capital reduced their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird increased their price objective on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, American Woodmark currently has a consensus rating of “Hold” and a consensus price target of $114.00.

American Woodmark Stock Performance

NASDAQ:AMWD opened at $59.15 on Thursday. American Woodmark has a 1 year low of $57.44 and a 1 year high of $106.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The business has a fifty day simple moving average of $69.62 and a two-hundred day simple moving average of $82.54. The company has a market capitalization of $877.49 million, a P/E ratio of 8.84 and a beta of 1.58.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Thursday, February 27th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.27). The business had revenue of $397.58 million for the quarter, compared to analysts’ expectations of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMWD. Y Intercept Hong Kong Ltd raised its position in shares of American Woodmark by 4.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after buying an additional 122 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of American Woodmark by 1.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company’s stock valued at $1,227,000 after acquiring an additional 200 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of American Woodmark by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock valued at $475,000 after acquiring an additional 222 shares in the last quarter. Quarry LP boosted its position in shares of American Woodmark by 215.8% during the 4th quarter. Quarry LP now owns 379 shares of the company’s stock valued at $30,000 after acquiring an additional 259 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of American Woodmark by 4.6% during the fourth quarter. Vident Advisory LLC now owns 6,398 shares of the company’s stock worth $509,000 after purchasing an additional 281 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.