American Woodmark (NASDAQ:AMWD) Stock Rating Upgraded by BidaskClub

American Woodmark (NASDAQ:AMWD) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday, BidAskClub reports.

Several other equities research analysts have also issued reports on AMWD. ValuEngine lowered shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price objective on shares of American Woodmark from $62.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Loop Capital boosted their price objective on shares of American Woodmark from $79.00 to $97.00 in a research note on Tuesday, August 4th. Finally, Zacks Investment Research upgraded shares of American Woodmark from a “strong sell” rating to a “strong-buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $79.00.

Shares of AMWD stock opened at $84.41 on Tuesday. American Woodmark has a 52-week low of $35.30 and a 52-week high of $117.70. The stock has a market cap of $1.43 billion, a PE ratio of 22.21 and a beta of 2.41. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.47 and a current ratio of 2.18. The firm’s 50 day moving average price is $86.26 and its two-hundred day moving average price is $67.67.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. American Woodmark had a net margin of 4.00% and a return on equity of 14.92%. The firm had revenue of $390.10 million for the quarter, compared to analysts’ expectations of $383.66 million. During the same period last year, the firm earned $2.13 earnings per share. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, sell-side analysts predict that American Woodmark will post 6.45 earnings per share for the current fiscal year.

In related news, Director Daniel T. Hendrix sold 4,175 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $85.61, for a total transaction of $357,421.75. Following the completion of the transaction, the director now directly owns 7,232 shares in the company, valued at approximately $619,131.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in American Woodmark by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 256,529 shares of the company’s stock worth $19,406,000 after acquiring an additional 4,983 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in American Woodmark by 142.0% during the first quarter. BNP Paribas Arbitrage SA now owns 10,249 shares of the company’s stock worth $467,000 after buying an additional 6,014 shares during the last quarter. State Street Corp increased its holdings in American Woodmark by 4.6% during the first quarter. State Street Corp now owns 491,334 shares of the company’s stock worth $22,390,000 after buying an additional 21,524 shares during the last quarter. AlphaCrest Capital Management LLC increased its holdings in American Woodmark by 97.6% during the first quarter. AlphaCrest Capital Management LLC now owns 5,527 shares of the company’s stock worth $252,000 after buying an additional 2,730 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in American Woodmark by 33.9% during the second quarter. Russell Investments Group Ltd. now owns 26,287 shares of the company’s stock worth $1,986,000 after buying an additional 6,655 shares during the last quarter. Hedge funds and other institutional investors own 90.84% of the company’s stock.

About American Woodmark

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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