American Woodmark (NASDAQ:AMWD) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a buy rating in a research report report published on Thursday, BidAskClub reports.

AMWD has been the subject of a number of other research reports. Wells Fargo & Co raised their price objective on American Woodmark from $70.00 to $80.00 and gave the stock a market perform rating in a research report on Wednesday, May 29th. Sidoti downgraded American Woodmark from a buy rating to a neutral rating and set a $92.00 price objective for the company. in a research report on Wednesday. Zacks Investment Research upgraded American Woodmark from a hold rating to a buy rating and set a $92.00 price objective for the company in a research report on Friday, August 30th. Finally, ValuEngine downgraded American Woodmark from a hold rating to a sell rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $96.60.

Shares of AMWD stock traded up $0.54 during mid-day trading on Thursday, reaching $89.34. The stock had a trading volume of 130,784 shares, compared to its average volume of 166,883. The firm’s 50 day simple moving average is $80.52 and its 200 day simple moving average is $82.80. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 1.11. American Woodmark has a one year low of $53.35 and a one year high of $92.99. The firm has a market cap of $1.50 billion, a PE ratio of 12.97, a P/E/G ratio of 1.34 and a beta of 2.24.



American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $2.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.20. American Woodmark had a return on equity of 19.20% and a net margin of 5.22%. The company had revenue of $427.40 million during the quarter, compared to the consensus estimate of $433.15 million. During the same quarter last year, the company earned $2.04 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. Sell-side analysts forecast that American Woodmark will post 7.35 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC bought a new position in shares of American Woodmark during the 1st quarter worth approximately $27,000. Nisa Investment Advisors LLC lifted its position in shares of American Woodmark by 312.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 330 shares of the company’s stock worth $28,000 after buying an additional 250 shares during the period. KBC Group NV bought a new position in shares of American Woodmark during the 2nd quarter worth approximately $58,000. Advisory Services Network LLC bought a new position in shares of American Woodmark during the 1st quarter worth approximately $70,000. Finally, Meeder Asset Management Inc. bought a new position in shares of American Woodmark during the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 90.99% of the company’s stock.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 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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