American Woodmark (NASDAQ:AMWD) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of American Woodmark (NASDAQ:AMWD) from a sell rating to a hold rating in a research note released on Thursday.

A number of other equities research analysts also recently commented on AMWD. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Loop Capital decreased their price objective on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Robert W. Baird raised their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, American Woodmark presently has a consensus rating of “Hold” and a consensus price target of $114.00.

American Woodmark Price Performance

AMWD stock opened at $61.16 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The company’s fifty day moving average price is $70.06 and its 200-day moving average price is $82.71. American Woodmark has a one year low of $57.44 and a one year high of $106.57. The company has a market capitalization of $907.31 million, a PE ratio of 9.14 and a beta of 1.58.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Thursday, February 27th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.27). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $397.58 million during the quarter, compared to analysts’ expectations of $405.72 million.

Institutional Investors Weigh In On American Woodmark

Several large investors have recently added to or reduced their stakes in AMWD. Intech Investment Management LLC bought a new position in American Woodmark during the third quarter valued at $749,000. Charles Schwab Investment Management Inc. grew its holdings in American Woodmark by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company’s stock valued at $24,223,000 after purchasing an additional 7,870 shares during the last quarter. Victory Capital Management Inc. grew its holdings in American Woodmark by 1,570.6% during the 4th quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock valued at $20,474,000 after purchasing an additional 242,030 shares during the last quarter. Barclays PLC raised its position in American Woodmark by 267.9% in the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock worth $2,927,000 after purchasing an additional 22,804 shares during the period. Finally, Franklin Resources Inc. lifted its stake in American Woodmark by 249.1% in the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after purchasing an additional 72,600 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

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.