BidaskClub Downgrades American Woodmark (AMWD) to Sell

BidaskClub lowered shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a sell rating in a research report report published on Saturday.

Several other research firms have also recently weighed in on AMWD. Zacks Investment Research upgraded shares of American Woodmark from a hold rating to a buy rating and set a $93.00 price objective for the company in a research report on Friday, September 1st. Robert W. Baird raised their price objective on shares of American Woodmark from $108.00 to $142.00 and gave the company an outperform rating in a research report on Monday, December 4th.

Shares of American Woodmark (NASDAQ AMWD) opened at $124.15 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.41 and a quick ratio of 2.95. The firm has a market cap of $1,907.03, a PE ratio of 26.53 and a beta of 1.57. American Woodmark has a 1 year low of $69.65 and a 1 year high of $136.05.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Friday, December 1st. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.01). The company had revenue of $274.80 million during the quarter, compared to analyst estimates of $280.60 million. American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. equities research analysts forecast that American Woodmark will post 4.96 earnings per share for the current fiscal year.

In other news, Director Vance W. Tang sold 1,700 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $90.05, for a total value of $153,085.00. Following the transaction, the director now owns 11,170 shares of the company’s stock, valued at approximately $1,005,858.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William F. Brandt sold 18,728 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $93.21, for a total transaction of $1,745,636.88. Following the completion of the transaction, the insider now directly owns 1,867,245 shares in the company, valued at approximately $174,045,906.45. The disclosure for this sale can be found here. Insiders sold a total of 92,168 shares of company stock valued at $9,084,044 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AMWD. Pictet Asset Management Ltd. boosted its stake in shares of American Woodmark by 68.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 147,960 shares of the company’s stock valued at $14,241,000 after purchasing an additional 60,112 shares during the last quarter. Tributary Capital Management LLC boosted its stake in shares of American Woodmark by 45.5% in the 3rd quarter. Tributary Capital Management LLC now owns 160,859 shares of the company’s stock valued at $15,483,000 after purchasing an additional 50,301 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of American Woodmark by 41.5% in the 2nd quarter. Prudential Financial Inc. now owns 153,888 shares of the company’s stock valued at $14,704,000 after purchasing an additional 45,124 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in American Woodmark by 157.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,736 shares of the company’s stock worth $4,275,000 after acquiring an additional 27,328 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in American Woodmark by 13.0% during the 2nd quarter. Teachers Advisors LLC now owns 233,902 shares of the company’s stock worth $22,349,000 after acquiring an additional 26,824 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors.

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American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.

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