Shares of American Woodmark (NASDAQ:AMWD) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $142.00.
AMWD has been the topic of several recent research reports. Longbow Research upgraded American Woodmark from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. BidaskClub upgraded American Woodmark from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Zacks Investment Research cut American Woodmark from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, ValuEngine cut American Woodmark from a “hold” rating to a “sell” rating in a research report on Thursday, April 19th.
American Woodmark traded up $3.35, hitting $89.75, during trading hours on Tuesday, MarketBeat.com reports. 350,129 shares of the stock were exchanged, compared to its average volume of 230,577. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.27 and a quick ratio of 1.68. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 20.17 and a beta of 1.78. American Woodmark has a 12 month low of $78.75 and a 12 month high of $148.44.
American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Friday, March 9th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.04). The firm had revenue of $292.80 million for the quarter, compared to the consensus estimate of $276.60 million. American Woodmark had a return on equity of 17.54% and a net margin of 5.56%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. research analysts expect that American Woodmark will post 4.53 EPS for the current year.
In other news, insider Steven Cary Dunston sold 500 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $133.35, for a total transaction of $66,675.00. Following the sale, the insider now directly owns 46,109 shares of the company’s stock, valued at approximately $6,148,635.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Vance W. Tang bought 2,000 shares of American Woodmark stock in a transaction dated Wednesday, March 28th. The shares were bought at an average cost of $97.55 per share, for a total transaction of $195,100.00. Following the completion of the acquisition, the director now owns 13,170 shares in the company, valued at approximately $1,284,733.50. The disclosure for this purchase can be found here. Insiders have sold a total of 1,500 shares of company stock worth $157,775 in the last quarter. Company insiders own 1.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMWD. Citadel Advisors LLC grew its holdings in shares of American Woodmark by 6,739.9% during the 4th quarter. Citadel Advisors LLC now owns 150,478 shares of the company’s stock worth $19,599,000 after purchasing an additional 148,278 shares in the last quarter. Matarin Capital Management LLC acquired a new stake in shares of American Woodmark during the 1st quarter worth $13,879,000. Renaissance Technologies LLC grew its holdings in shares of American Woodmark by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 742,101 shares of the company’s stock worth $96,659,000 after purchasing an additional 83,801 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of American Woodmark by 27.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 382,854 shares of the company’s stock worth $37,692,000 after purchasing an additional 81,879 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of American Woodmark during the 4th quarter worth $8,238,000. 76.08% of the stock is currently owned by institutional investors.
About American Woodmark
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and home construction markets in the United States. The company offers framed stock cabinets in approximately 514 various cabinet lines, which include 85 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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