American Woodmark (NASDAQ:AMWD) Cut to Peer Perform at Wolfe Research

Wolfe Research lowered shares of American Woodmark (NASDAQ:AMWD) from an outperform rating to a peer perform rating in a report released on Tuesday, MarketBeat.com reports.

AMWD has been the subject of a number of other research reports. Loop Capital lowered their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Robert W. Baird upped 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, November 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $114.00.

American Woodmark Trading Down 0.9 %

Shares of American Woodmark stock opened at $74.98 on Tuesday. The company has a 50 day simple moving average of $81.96 and a two-hundred day simple moving average of $89.33. The firm has a market cap of $1.13 billion, a PE ratio of 11.21 and a beta of 1.61. American Woodmark has a 1 year low of $72.93 and a 1 year high of $106.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.29). The business had revenue of $452.50 million during the quarter, compared to the consensus estimate of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.36 earnings per share.

Insider Buying and Selling

In other American Woodmark news, Director James G. Davis sold 1,250 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the sale, the director now directly owns 24,573 shares of the company’s stock, valued at $1,985,252.67. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the transaction, the chief executive officer now directly owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Woodmark

Several institutional investors and hedge funds have recently modified their holdings of AMWD. GAMMA Investing LLC grew its stake in American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after acquiring an additional 377 shares in the last quarter. CWM LLC boosted its holdings in shares of American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after purchasing an additional 225 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in shares of American Woodmark during the third quarter valued at about $80,000. KBC Group NV increased its holdings in shares of American Woodmark by 69.6% in the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after purchasing an additional 352 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of American Woodmark in the fourth quarter worth about $87,000. Institutional investors 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.