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

American Woodmark Co. (NASDAQ:AMWD) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $108.00.

Several research analysts recently weighed in on AMWD shares. Robert W. Baird upped their price target on shares of American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and raised their target price 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 target price on the stock in a research note on Wednesday, August 14th. Finally, Zelman & Associates reissued a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th.

American Woodmark Trading Up 1.0 %

Shares of American Woodmark stock opened at $92.60 on Monday. American Woodmark has a fifty-two week low of $66.01 and a fifty-two week high of $106.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. The firm has a 50-day simple moving average of $91.82 and a two-hundred day simple moving average of $89.88. The company has a market cap of $1.44 billion, a P/E ratio of 12.97 and a beta of 1.61.

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 the consensus estimate of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The company had revenue of $459.10 million for the quarter, compared to analyst estimates of $475.37 million. During the same quarter last year, the company earned $2.78 EPS. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis.

Insider Activity at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total value of $324,415.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On American Woodmark

Several institutional investors have recently modified their holdings of AMWD. CWM LLC grew its stake in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of American Woodmark during the 2nd quarter worth $66,000. Picton Mahoney Asset Management purchased a new stake in shares of American Woodmark during the 2nd quarter worth $71,000. DekaBank Deutsche Girozentrale lifted its position in shares of American Woodmark by 67.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after purchasing an additional 377 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its position in shares of American Woodmark by 67.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after purchasing an additional 631 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.