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

American Woodmark Co. (NASDAQ:AMWD) has received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $102.00.

Several analysts have recently weighed in on the stock. Loop Capital decreased their price target on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Robert W. Baird lowered their target price on American Woodmark from $116.00 to $112.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Finally, Wolfe Research upgraded 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.

Hedge Funds Weigh In On American Woodmark

Large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of American Woodmark during the second quarter worth $418,000. The Manufacturers Life Insurance Company increased its position in American Woodmark by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,968 shares of the company’s stock valued at $626,000 after buying an additional 376 shares in the last quarter. Millennium Management LLC increased its position in American Woodmark by 33.2% during the 2nd quarter. Millennium Management LLC now owns 184,559 shares of the company’s stock valued at $14,506,000 after buying an additional 46,002 shares in the last quarter. Squarepoint Ops LLC raised its stake in American Woodmark by 305.1% in the second quarter. Squarepoint Ops LLC now owns 13,898 shares of the company’s stock valued at $1,092,000 after buying an additional 10,467 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new stake in American Woodmark in the second quarter worth about $6,209,000. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Stock Performance

AMWD stock opened at $83.32 on Friday. American Woodmark has a twelve month low of $65.01 and a twelve month high of $106.57. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 11.67 and a beta of 1.62. The business’s fifty day simple moving average is $89.70 and its two-hundred day simple moving average is $91.40. The company has a quick ratio of 1.24, a current ratio of 1.98 and a debt-to-equity ratio of 0.41.

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). The company had revenue of $459.10 million during the quarter, compared to analysts’ expectations of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.78 EPS.

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.