American Woodmark (NASDAQ:AMWD) Upgraded at StockNews.com

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

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

American Woodmark Stock Down 3.3 %

Shares of NASDAQ:AMWD opened at $59.15 on Thursday. The business’s 50-day moving average is $69.62 and its 200-day moving average is $82.53. American Woodmark has a 1 year low of $57.44 and a 1 year high of $106.57. The company has a market capitalization of $877.49 million, a price-to-earnings ratio of 8.84 and a beta of 1.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share (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 for the quarter, compared to the consensus estimate of $405.72 million.

Institutional Investors Weigh In On American Woodmark

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new stake in shares of American Woodmark in the third quarter valued at about $749,000. Charles Schwab Investment Management Inc. increased its stake in American Woodmark by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 296,712 shares of the company’s stock valued at $27,728,000 after buying an additional 4,118 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in American Woodmark by 80.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 5,151 shares of the company’s stock valued at $482,000 after buying an additional 2,298 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of American Woodmark by 246.4% during the 3rd quarter. Quantbot Technologies LP now owns 16,262 shares of the company’s stock worth $1,520,000 after buying an additional 11,568 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of American Woodmark by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock worth $475,000 after buying an additional 222 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.