Brokerages Set American Woodmark Co. (NASDAQ:AMWD) Target Price at $108.00

American Woodmark Co. (NASDAQ:AMWD) has earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $108.00.

AMWD has been the topic of a number of recent analyst reports. Loop Capital raised American Woodmark from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $98.00 to $119.00 in a research note on Thursday, October 17th. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Wednesday, August 14th. Finally, Robert W. Baird lifted their target price on shares of American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st.

Insider Transactions at American Woodmark

In other 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 transaction, the chief executive officer now owns 109,932 shares in the company, valued at approximately $9,998,315.40. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Institutional Trading of American Woodmark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in American Woodmark by 33.9% during the 1st quarter. Sei Investments Co. now owns 18,733 shares of the company’s stock valued at $1,904,000 after purchasing an additional 4,741 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of American Woodmark by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock worth $329,000 after acquiring an additional 154 shares during the last quarter. Vanguard Group Inc. lifted its position in American Woodmark by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock valued at $173,917,000 after acquiring an additional 19,693 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in American Woodmark during the 1st quarter valued at about $371,000. Finally, Keeley Teton Advisors LLC increased its holdings in American Woodmark by 66.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 23,964 shares of the company’s stock worth $2,436,000 after purchasing an additional 9,576 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

American Woodmark Price Performance

AMWD stock opened at $91.62 on Friday. The company has a market capitalization of $1.42 billion, a P/E ratio of 13.57 and a beta of 1.61. The company has a fifty day moving average price of $94.77 and a 200-day moving average price of $90.37. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. American Woodmark has a 52-week low of $70.58 and a 52-week high of $106.57.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). The company had revenue of $459.10 million for 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 firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.78 earnings per share.

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.