American Woodmark Co. (NASDAQ:AMWD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of American Woodmark Co. (NASDAQ:AMWDGet Free Report) have been assigned an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $95.75.

A number of brokerages recently issued reports on AMWD. Loop Capital reduced their target price on American Woodmark from $112.00 to $100.00 and set a “hold” rating for the company in a research note on Friday. Robert W. Baird decreased their target price on American Woodmark from $122.00 to $116.00 and set an “outperform” rating for the company in a report on Friday. Finally, StockNews.com lowered American Woodmark from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th.

Read Our Latest Stock Analysis on AMWD

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC grew its stake in shares of American Woodmark by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 9,813 shares of the company’s stock worth $911,000 after purchasing an additional 118 shares during the period. ProShare Advisors LLC grew its position in American Woodmark by 5.0% during the first quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock valued at $329,000 after buying an additional 154 shares during the period. Rafferty Asset Management LLC grew its position in American Woodmark by 7.9% during the third quarter. Rafferty Asset Management LLC now owns 3,946 shares of the company’s stock valued at $298,000 after buying an additional 290 shares during the period. New York State Teachers Retirement System boosted its stake in shares of American Woodmark by 3.1% during the 4th quarter. New York State Teachers Retirement System now owns 11,263 shares of the company’s stock worth $1,046,000 after acquiring an additional 337 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Woodmark by 9.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,097 shares of the company’s stock worth $380,000 after purchasing an additional 365 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $89.04 on Friday. The company has a 50 day moving average price of $95.86 and a 200 day moving average price of $91.28. The firm has a market capitalization of $1.41 billion, a P/E ratio of 12.47 and a beta of 1.73. The company has a quick ratio of 1.27, a current ratio of 2.14 and a debt-to-equity ratio of 0.41. American Woodmark has a 52 week low of $56.82 and a 52 week high of $104.28.

American Woodmark (NASDAQ:AMWDGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). American Woodmark had a net margin of 6.29% and a return on equity of 15.49%. The company had revenue of $453.28 million for the quarter, compared to analyst estimates of $437.80 million. Sell-side analysts expect that American Woodmark will post 9.2 EPS for the current year.

American Woodmark Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for American Woodmark (NASDAQ:AMWD)

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