Robert W. Baird Issues Positive Forecast for American Woodmark (NASDAQ:AMWD) Stock Price

American Woodmark (NASDAQ:AMWD) had its target price boosted by Robert W. Baird from $115.00 to $118.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

AMWD has been the subject of a number of other research reports. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Wednesday, August 14th. Loop Capital raised American Woodmark from a “hold” rating to a “buy” rating and upped their price target for the stock from $98.00 to $119.00 in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.50.

American Woodmark Stock Up 1.8 %

Shares of AMWD stock opened at $90.78 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.93. American Woodmark has a fifty-two week low of $70.58 and a fifty-two week high of $106.57. The firm has a market capitalization of $1.37 billion, a PE ratio of 13.57 and a beta of 1.61. The stock’s 50-day simple moving average is $94.52 and its 200-day simple moving average is $90.32.

American Woodmark (NASDAQ:AMWD) last posted its quarterly 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). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $459.10 million during the quarter, compared to analysts’ expectations of $475.37 million. During the same period in the previous year, the company posted $2.78 earnings per share. American Woodmark’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Insider Activity

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on 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 owns 113,432 shares of the company’s stock, valued at $10,514,012.08. This represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC raised its holdings in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after acquiring an additional 225 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of American Woodmark in the second quarter valued at approximately $66,000. Millburn Ridgefield Corp acquired a new stake in shares of American Woodmark in the third quarter valued at approximately $80,000. Picton Mahoney Asset Management acquired a new stake in shares of American Woodmark in the second quarter valued at approximately $71,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in American Woodmark by 67.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after buying an additional 377 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.