American Woodmark (NASDAQ:AMWD) Given New $118.00 Price Target at Robert W. Baird

American Woodmark (NASDAQ:AMWD) had its target price hoisted by Robert W. Baird from $115.00 to $118.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

AMWD has been the subject of several other research reports. 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 research note on Wednesday, August 14th. Loop Capital upgraded 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 research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.50.

American Woodmark Stock Performance

AMWD opened at $89.19 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average price is $94.70 and its two-hundred day moving average price is $90.36. American Woodmark has a 1-year low of $70.58 and a 1-year high of $106.57. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 13.21 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business had revenue of $459.10 million for the quarter, compared to analyst estimates of $475.37 million. During the same quarter in the previous year, the company posted $2.78 EPS. The business’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 the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the sale, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at $9,998,315.40. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Woodmark

Several institutional investors have recently added to or reduced their stakes in AMWD. Vanguard Group Inc. lifted its holdings in American Woodmark by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock valued at $173,917,000 after purchasing an additional 19,693 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in American Woodmark by 155.3% during the first quarter. Lazard Asset Management LLC now owns 7,671 shares of the company’s stock valued at $779,000 after purchasing an additional 4,666 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of American Woodmark by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,359 shares of the company’s stock worth $1,257,000 after buying an additional 423 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after buying an additional 377 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of American Woodmark by 33.2% in the second quarter. SG Americas Securities LLC now owns 2,457 shares of the company’s stock worth $193,000 after buying an additional 612 shares in the last quarter. 95.47% of the stock is 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.