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

Shares of American Woodmark Co. (NASDAQ:AMWDGet Free Report) have received an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $73.50.

A number of analysts have recently commented on the company. Robert W. Baird upped their price objective on American Woodmark from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, August 30th. Zelman & Associates upgraded American Woodmark from a “hold” rating to a “buy” rating in a report on Friday, August 18th. TheStreet upgraded American Woodmark from a “c+” rating to a “b-” rating in a report on Friday, June 9th. Loop Capital upped their price objective on American Woodmark from $79.00 to $84.00 in a report on Wednesday, August 30th. Finally, Sidoti downgraded American Woodmark from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $71.00 to $79.00 in a report on Tuesday, July 18th.

Read Our Latest Analysis on American Woodmark

American Woodmark Trading Down 1.5 %

Shares of American Woodmark stock opened at $74.10 on Tuesday. American Woodmark has a fifty-two week low of $41.05 and a fifty-two week high of $80.27. The firm has a market cap of $1.22 billion, a PE ratio of 11.08, a P/E/G ratio of 0.87 and a beta of 1.86. The business’s fifty day moving average is $75.57 and its two-hundred day moving average is $64.08. The company has a quick ratio of 1.29, a current ratio of 2.25 and a debt-to-equity ratio of 0.41.

American Woodmark (NASDAQ:AMWDGet Free Report) last released its quarterly earnings data on Tuesday, August 29th. The company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.48. The business had revenue of $498.26 million during the quarter, compared to the consensus estimate of $497.31 million. American Woodmark had a return on equity of 16.85% and a net margin of 5.52%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 EPS. Analysts anticipate that American Woodmark will post 6.88 earnings per share for the current year.

Hedge Funds Weigh In On American Woodmark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL purchased a new position in American Woodmark in the 2nd quarter valued at about $351,000. Osaic Holdings Inc. boosted its position in American Woodmark by 186.1% in the 2nd quarter. Osaic Holdings Inc. now owns 13,869 shares of the company’s stock valued at $1,059,000 after buying an additional 9,022 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in American Woodmark by 5.1% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,977 shares of the company’s stock valued at $456,000 after buying an additional 290 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in American Woodmark in the 2nd quarter valued at about $46,000. Finally, State of Tennessee Treasury Department boosted its position in American Woodmark by 10.3% in the 2nd quarter. State of Tennessee Treasury Department now owns 10,206 shares of the company’s stock valued at $779,000 after buying an additional 952 shares during the last quarter. 91.89% of the stock is owned by hedge funds and other institutional investors.

About American Woodmark

(Get Free Report

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.

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Analyst Recommendations for American Woodmark (NASDAQ:AMWD)

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