Shares of American Woodmark Co. (NASDAQ:AMWD) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $146.00 for the company and are expecting that the company will post $1.28 earnings per share for the current quarter, according to Zacks. Zacks has also given American Woodmark an industry rank of 215 out of 265 based on the ratings given to related companies.
AMWD has been the topic of several research reports. Zacks Investment Research upgraded shares of American Woodmark from a “sell” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Wednesday, December 6th. Longbow Research upgraded shares of American Woodmark from a “neutral” rating to a “buy” rating in a research note on Friday, February 9th. BidaskClub upgraded shares of American Woodmark from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Robert W. Baird increased their price target on shares of American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th.
American Woodmark stock opened at $106.03 on Friday. The firm has a market cap of $1,843.10, a P/E ratio of 23.77 and a beta of 1.59. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.27 and a quick ratio of 1.68. American Woodmark has a 12 month low of $78.75 and a 12 month high of $148.44.
American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Friday, March 9th. The company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.04). The company had revenue of $292.80 million during the quarter, compared to analyst estimates of $276.60 million. American Woodmark had a net margin of 5.56% and a return on equity of 17.54%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 EPS. equities research analysts expect that American Woodmark will post 4.7 earnings per share for the current year.
In other news, major shareholder William F. Brandt sold 12,000 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $128.46, for a total transaction of $1,541,520.00. Following the transaction, the insider now owns 1,764,245 shares in the company, valued at approximately $226,634,912.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder William F. Brandt sold 9,000 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $129.02, for a total transaction of $1,161,180.00. Following the transaction, the insider now owns 1,782,245 shares in the company, valued at approximately $229,945,249.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,000 shares of company stock worth $6,153,810. 1.10% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. LS Investment Advisors LLC boosted its holdings in shares of American Woodmark by 88.6% during the 4th quarter. LS Investment Advisors LLC now owns 975 shares of the company’s stock worth $127,000 after buying an additional 458 shares during the period. Xact Kapitalforvaltning AB bought a new stake in shares of American Woodmark during the 4th quarter worth $205,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of American Woodmark during the 4th quarter worth $220,000. Elkfork Partners LLC bought a new stake in shares of American Woodmark during the 4th quarter worth $237,000. Finally, Parametrica Management Ltd bought a new stake in shares of American Woodmark during the 4th quarter worth $257,000. Institutional investors own 75.60% of the company’s stock.
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About American Woodmark
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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