American Woodmark Co. (NASDAQ:AMWD) Given Consensus Rating of “Moderate Buy” by Brokerages

American Woodmark Co. (NASDAQ:AMWD) has been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $108.00.

Several research firms have recently commented on AMWD. Loop Capital raised American Woodmark from a “hold” rating to a “buy” rating and increased their price objective for the company from $98.00 to $119.00 in a report on Thursday, October 17th. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Wednesday, August 14th. Finally, Robert W. Baird boosted their price objective 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 Buying and Selling at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Friday, November 1st. The stock was sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the sale, the chief executive officer now owns 109,932 shares of the company’s stock, valued at approximately $9,998,315.40. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

A number of hedge funds have recently bought and sold shares of AMWD. CWM LLC increased its stake in American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the period. Innealta Capital LLC acquired a new position in American Woodmark in the second quarter valued at about $66,000. Picton Mahoney Asset Management acquired a new position in American Woodmark in the second quarter valued at about $71,000. Millburn Ridgefield Corp bought a new stake in American Woodmark during the third quarter worth about $80,000. Finally, DekaBank Deutsche Girozentrale grew 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 in the last quarter. 95.47% of the stock is owned by institutional investors.

American Woodmark Trading Down 0.3 %

Shares of NASDAQ:AMWD opened at $94.61 on Friday. The stock has a market capitalization of $1.47 billion, a PE ratio of 14.02 and a beta of 1.61. The company’s 50-day moving average price is $94.24 and its two-hundred day moving average price is $90.36. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. American Woodmark has a one year low of $70.58 and a one year high of $106.57.

American Woodmark (NASDAQ:AMWD) last issued 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 for the quarter, compared to analyst estimates of $475.37 million. American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the company posted $2.78 earnings per share.

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.