American Woodmark (NASDAQ:AMWD) PT Raised to $115.00 at Robert W. Baird

American Woodmark (NASDAQ:AMWD) had its price objective raised by Robert W. Baird from $112.00 to $115.00 in a report issued on Monday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms also recently issued reports on AMWD. Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Wednesday, August 14th. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research report on Wednesday, July 17th. Finally, Loop Capital upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and increased their price target for the company from $98.00 to $119.00 in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $108.00.

American Woodmark Trading Down 3.8 %

Shares of AMWD opened at $97.15 on Monday. American Woodmark has a twelve month low of $65.01 and a twelve month high of $106.57. 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 firm has a market capitalization of $1.51 billion, a P/E ratio of 13.61 and a beta of 1.61. The firm’s 50-day moving average is $91.70 and its two-hundred day moving average is $90.10.

American Woodmark (NASDAQ:AMWD) last released its quarterly 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). The firm had revenue of $459.10 million during the quarter, compared to analyst estimates of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.78 EPS.

Insider Buying and Selling at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total transaction of $324,415.00. Following the completion of 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Trading of American Woodmark

A number of hedge funds have recently bought and sold shares of AMWD. Vanguard Group Inc. lifted its stake in shares of American Woodmark by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock worth $157,017,000 after purchasing an additional 74,371 shares during the period. Guidance Capital Inc. purchased a new position in American Woodmark during the first quarter worth about $445,000. Allspring Global Investments Holdings LLC boosted its stake in American Woodmark by 3,400.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,520 shares of the company’s stock worth $256,000 after buying an additional 2,448 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in American Woodmark by 31.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,210 shares of the company’s stock valued at $1,038,000 after buying an additional 2,457 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of American Woodmark by 22.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,747 shares of the company’s stock valued at $1,906,000 after acquiring an additional 3,380 shares during 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.