Loop Capital Cuts American Woodmark (NASDAQ:AMWD) Price Target to $114.00

American Woodmark (NASDAQ:AMWD) had its target price reduced by Loop Capital from $119.00 to $114.00 in a report released on Wednesday morning,Benzinga reports. Loop Capital currently has a buy rating on the stock.

Several other analysts also recently commented on AMWD. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Wednesday, August 14th. Robert W. Baird lifted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.50.

American Woodmark Price Performance

Shares of NASDAQ AMWD opened at $90.78 on Wednesday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 13.57 and a beta of 1.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.93. American Woodmark has a fifty-two week low of $70.58 and a fifty-two week high of $106.57. The firm’s 50-day simple moving average is $94.52 and its 200 day simple moving average is $90.32.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. During the same quarter in the prior year, the business earned $2.78 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Insider Buying and Selling at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the sale, the chief executive officer now directly owns 113,432 shares in the company, valued at $10,514,012.08. The trade was a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMWD. Vanguard Group Inc. boosted its holdings in American Woodmark by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after buying an additional 19,693 shares during the period. 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 worth $95,149,000 after acquiring an additional 7,496 shares during the period. Cooke & Bieler LP grew its position in shares of American Woodmark by 9.8% in the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after purchasing an additional 80,873 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after purchasing an additional 129,692 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in American Woodmark by 8.1% during 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 in the last quarter. 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.