American Woodmark (NASDAQ:AMWD) PT Raised to $115.00 at Robert W. Baird

American Woodmark (NASDAQ:AMWD) had its price target lifted by Robert W. Baird from $112.00 to $115.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 20.51% from the stock’s previous close.

AMWD has been the topic of a number of other research reports. Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and upped their target price for the stock from $98.00 to $119.00 in a report on Thursday, October 17th. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Finally, Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.00.

American Woodmark Trading Down 1.8 %

Shares of AMWD stock opened at $95.43 on Monday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 13.37 and a beta of 1.61. The company’s fifty day simple moving average is $91.81 and its two-hundred day simple moving average is $90.05. American Woodmark has a 1 year low of $65.01 and a 1 year high of $106.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data 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). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The company had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. During the same period last year, the company posted $2.78 EPS. The business’s revenue for the quarter was down 7.9% on a year-over-year basis.

Insider Transactions at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the completion of the sale, the chief executive officer now owns 113,432 shares of the company’s stock, valued at $10,514,012.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Guidance Capital Inc. boosted its stake in shares of American Woodmark by 2.3% in the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock valued at $542,000 after purchasing an additional 119 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in American Woodmark by 1,442.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 29,421 shares of the company’s stock valued at $2,749,000 after buying an additional 27,513 shares during the period. Creative Planning purchased a new stake in American Woodmark during the third quarter valued at about $312,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of American Woodmark by 23.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,400 shares of the company’s stock valued at $877,000 after buying an additional 1,800 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after buying an additional 225 shares during the period. 95.47% of the stock is currently 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.