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

Shares of American Woodmark Co. (NASDAQ:AMWD) have earned an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $103.50.

AMWD has been the topic of several recent research reports. Robert W. Baird cut their price objective on shares of American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Loop Capital cut their price objective on shares of American Woodmark from $112.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, May 24th. Zelman & Associates reiterated a “neutral” rating on shares of American Woodmark in a research report on Wednesday, July 17th. Finally, Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Wednesday, August 14th.

American Woodmark Trading Down 0.5 %

American Woodmark stock opened at $94.00 on Wednesday. The firm’s 50-day moving average is $86.47 and its 200-day moving average is $91.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 2.06. American Woodmark has a 1 year low of $65.01 and a 1 year high of $106.57. The company has a market cap of $1.47 billion, a P/E ratio of 13.17 and a beta of 1.62.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). The firm had revenue of $453.28 million during the quarter, compared to the consensus estimate of $437.80 million. American Woodmark had a net margin of 6.29% and a return on equity of 15.43%.

Insiders Place Their Bets

In other American Woodmark news, Director Philip D. Fracassa acquired 600 shares of the stock in a transaction dated Thursday, May 30th. The shares were bought at an average price of $86.66 per share, with a total value of $51,996.00. Following the purchase, the director now directly owns 600 shares of the company’s stock, valued at approximately $51,996. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On American Woodmark

Hedge funds have recently made changes to their positions in the business. Quantedge Capital Pte Ltd acquired a new position in shares of American Woodmark in the 4th quarter worth approximately $1,950,000. Vanguard Group Inc. increased its position in shares of American Woodmark by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock worth $157,017,000 after acquiring an additional 74,371 shares in the last quarter. Keeley Teton Advisors LLC increased its position in shares of American Woodmark by 66.6% in the first quarter. Keeley Teton Advisors LLC now owns 23,964 shares of the company’s stock worth $2,436,000 after acquiring an additional 9,576 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of American Woodmark in the first quarter worth approximately $561,000. Finally, Summit Global Investments increased its position in shares of American Woodmark by 18.1% in the fourth quarter. Summit Global Investments now owns 13,099 shares of the company’s stock worth $1,216,000 after acquiring an additional 2,008 shares in the last quarter. 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.