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

Shares of American Woodmark Co. (NASDAQ:AMWD) have received a consensus rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $93.25.

Several equities analysts have recently weighed in on AMWD shares. StockNews.com lowered American Woodmark from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Robert W. Baird boosted their price target on American Woodmark from $120.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st.

Institutional Investors Weigh In On American Woodmark

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in American Woodmark by 3,400.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,520 shares of the company’s stock worth $256,000 after purchasing an additional 2,448 shares during the last quarter. Guidance Capital Inc. purchased a new stake in American Woodmark during the 1st quarter worth approximately $445,000. Vanguard Group Inc. increased its holdings in American Woodmark by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock worth $157,017,000 after purchasing an additional 74,371 shares during the last quarter. Virtu Financial LLC purchased a new stake in American Woodmark during the 4th quarter worth approximately $311,000. Finally, Bridgeway Capital Management LLC increased its holdings in American Woodmark by 3.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 162,544 shares of the company’s stock worth $15,092,000 after purchasing an additional 6,144 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Stock Performance

NASDAQ AMWD opened at $92.92 on Wednesday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 12.82 and a beta of 1.73. American Woodmark has a 1-year low of $47.98 and a 1-year high of $104.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27. The business’s 50-day simple moving average is $96.54 and its 200-day simple moving average is $88.08.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Thursday, February 29th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.53. The business had revenue of $422.10 million for the quarter, compared to analyst estimates of $394.56 million. American Woodmark had a return on equity of 16.72% and a net margin of 6.38%. The company’s revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. Equities analysts predict that American Woodmark will post 8.6 EPS for the current year.

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.