Shares of American Woodmark Co. (NASDAQ:AMWD) hit a new 52-week high during trading on Wednesday . The company traded as high as $93.31 and last traded at $93.31, with a volume of 2406 shares trading hands. The stock had previously closed at $92.09.
AMWD has been the subject of a number of recent research reports. ValuEngine lowered shares of American Woodmark from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Friday, August 30th. Sidoti downgraded shares of American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a report on Wednesday, September 11th. Finally, BidaskClub raised shares of American Woodmark from a “buy” rating to a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. American Woodmark presently has a consensus rating of “Hold” and an average price target of $96.60.
The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.57 billion, a PE ratio of 13.52, a P/E/G ratio of 1.38 and a beta of 2.24. The stock’s fifty day simple moving average is $84.31 and its 200-day simple moving average is $83.54.
In related news, Director Vance W. Tang sold 900 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $88.45, for a total value of $79,605.00. Following the transaction, the director now directly owns 14,290 shares of the company’s stock, valued at approximately $1,263,950.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Roger Perry Campbell sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $88.92, for a total transaction of $133,380.00. Following the completion of the transaction, the senior vice president now directly owns 12,781 shares in the company, valued at $1,136,486.52. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its holdings in American Woodmark by 312.5% during the second quarter. Nisa Investment Advisors LLC now owns 330 shares of the company’s stock valued at $28,000 after purchasing an additional 250 shares during the last quarter. KBC Group NV bought a new position in shares of American Woodmark in the second quarter worth approximately $58,000. Advisory Services Network LLC bought a new position in shares of American Woodmark in the first quarter worth approximately $70,000. Meeder Asset Management Inc. bought a new position in shares of American Woodmark in the second quarter worth approximately $70,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of American Woodmark by 69.5% in the second quarter. Public Employees Retirement System of Ohio now owns 1,341 shares of the company’s stock worth $113,000 after purchasing an additional 550 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.
American Woodmark Company Profile (NASDAQ:AMWD)
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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