American Woodmark (NASDAQ:AMWD) Given New $115.00 Price Target at Robert W. Baird

by · The Cerbat Gem

American Woodmark (NASDAQ:AMWD – Free Report) had its price target increased by Robert W. Baird from $112.00 to $115.00 in a report issued on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

AMWD has been the subject of a number of other research reports. Loop Capital upgraded American Woodmark from a “hold” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $119.00 in a research report on Thursday, October 17th. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Finally, Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, American Woodmark currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Get Our Latest Research Report on AMWD

American Woodmark Trading Up 0.3 %

Shares of AMWD stock opened at $94.08 on Monday. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 13.18 and a beta of 1.61. The company’s fifty day simple moving average is $91.85 and its two-hundred day simple moving average is $90.11. American Woodmark has a 1 year low of $65.01 and a 1 year high of $106.57. 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 (NASDAQ:AMWD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). The firm had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. American Woodmark’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 EPS.

Insider Activity

In related news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the completion of the sale, the chief executive officer now owns 113,432 shares of the company’s stock, valued at $10,514,012.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On American Woodmark

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after purchasing an additional 225 shares in the last quarter. Innealta Capital LLC bought a new position in shares of American Woodmark during the second quarter worth $66,000. Picton Mahoney Asset Management purchased a new position in American Woodmark during the second quarter valued at $71,000. DekaBank Deutsche Girozentrale increased its holdings in American Woodmark by 67.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after acquiring an additional 377 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its stake in American Woodmark by 67.8% in the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after purchasing an additional 631 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

About American Woodmark

(Get Free Report)

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.

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