American Woodmark (NASDAQ:AMWD) Stock Rating Lowered by ValuEngine

American Woodmark (NASDAQ:AMWD) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday, ValuEngine reports.

Several other brokerages also recently commented on AMWD. Zacks Investment Research raised shares of American Woodmark from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Friday, August 30th. BidaskClub raised shares of American Woodmark from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Finally, Sidoti downgraded shares of American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 target price for the company. in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $96.60.

Shares of American Woodmark stock traded up $1.43 during trading on Wednesday, hitting $91.56. 98,961 shares of the stock were exchanged, compared to its average volume of 168,053. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.33 and a beta of 2.24. The company has a fifty day moving average price of $82.97 and a 200-day moving average price of $83.30. American Woodmark has a 1-year low of $53.35 and a 1-year high of $92.99. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 27th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. The business had revenue of $427.40 million during the quarter, compared to the consensus estimate of $433.15 million. American Woodmark had a net margin of 5.22% and a return on equity of 19.20%. American Woodmark’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 EPS. Equities research analysts forecast that American Woodmark will post 7.35 EPS for the current fiscal year.

In related news, SVP Roger Perry Campbell sold 1,500 shares of American Woodmark stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $88.92, for a total transaction of $133,380.00. Following the completion of the sale, the senior vice president now owns 12,781 shares of the company’s stock, valued at approximately $1,136,486.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vance W. Tang sold 900 shares of American Woodmark stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $88.45, for a total transaction of $79,605.00. Following the sale, the director now directly owns 14,290 shares of the company’s stock, valued at approximately $1,263,950.50. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Fund Management S.A. bought a new stake in American Woodmark in the 2nd quarter valued at about $550,000. Raymond James & Associates boosted its holdings in American Woodmark by 16.1% in the 1st quarter. Raymond James & Associates now owns 22,824 shares of the company’s stock valued at $1,886,000 after purchasing an additional 3,172 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in American Woodmark by 8.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 550,024 shares of the company’s stock valued at $45,449,000 after purchasing an additional 42,075 shares during the period. US Bancorp DE boosted its holdings in American Woodmark by 1.7% in the 1st quarter. US Bancorp DE now owns 10,229 shares of the company’s stock valued at $845,000 after purchasing an additional 167 shares during the period. Finally, Arizona State Retirement System boosted its holdings in American Woodmark by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 23,289 shares of the company’s stock valued at $1,971,000 after purchasing an additional 129 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

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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