American Woodmark Co. (NASDAQ:AMWD) Given Consensus Rating of “Moderate Buy” by Brokerages

American Woodmark Co. (NASDAQ:AMWD) has been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $108.00.

A number of equities research analysts recently weighed in on AMWD shares. Wolfe Research raised 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 note on Wednesday, August 14th. Robert W. Baird upped their target price on shares of American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Loop Capital raised American Woodmark from a “hold” rating to a “buy” rating and increased their price target for the company from $98.00 to $119.00 in a research note on Thursday, October 17th.

American Woodmark Stock Performance

Shares of NASDAQ:AMWD opened at $94.61 on Friday. The business has a fifty day moving average of $94.24 and a 200-day moving average of $90.36. The firm has a market cap of $1.47 billion, a PE ratio of 14.02 and a beta of 1.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. American Woodmark has a twelve month low of $70.58 and a twelve month high of $106.57.

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

Insider Activity 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 transaction of $318,325.00. Following the transaction, the chief executive officer now directly owns 109,932 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On American Woodmark

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in American Woodmark by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after purchasing an additional 19,693 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of American Woodmark by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock valued at $95,149,000 after buying an additional 7,496 shares during the period. Cooke & Bieler LP increased its position in shares of American Woodmark by 9.8% during the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock worth $71,499,000 after acquiring an additional 80,873 shares in the last quarter. Pacer Advisors Inc. lifted its position in American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after acquiring an additional 129,692 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in American Woodmark by 8.1% in the 3rd quarter. Wellington Management Group LLP now owns 537,470 shares of the company’s stock worth $50,227,000 after purchasing an additional 40,378 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.