Baird R W Downgrades American Woodmark (NASDAQ:AMWD) to Hold

American Woodmark (NASDAQ:AMWD) was downgraded by equities researchers at Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Robert W. Baird restated a “neutral” rating and issued a $60.00 price target (up from $57.00) on shares of American Woodmark in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Woodmark presently has a consensus rating of “Hold” and an average price target of $66.00.

American Woodmark Price Performance

Shares of NASDAQ AMWD opened at $60.98 on Monday. American Woodmark has a twelve month low of $47.15 and a twelve month high of $83.72. The company has a current ratio of 2.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $888.48 million, a price-to-earnings ratio of 14.45 and a beta of 1.27. The business has a 50 day simple moving average of $54.79 and a 200-day simple moving average of $59.62.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.44). The firm had revenue of $394.64 million for the quarter, compared to the consensus estimate of $410.62 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.08 earnings per share.

Institutional Trading of American Woodmark

A number of large investors have recently modified their holdings of the company. Federated Hermes Inc. bought a new stake in American Woodmark in the 3rd quarter valued at about $36,000. Advisory Services Network LLC acquired a new stake in shares of American Woodmark in the third quarter valued at approximately $57,000. GAMMA Investing LLC increased its stake in shares of American Woodmark by 35.8% in the second quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock valued at $58,000 after purchasing an additional 285 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of American Woodmark during the second quarter valued at approximately $64,000. Finally, CWM LLC boosted its position in shares of American Woodmark by 116.0% during the second quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after buying an additional 696 shares during the period. Institutional investors and hedge funds own 95.47% of the company’s stock.

About American Woodmark

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.