American Woodmark (NASDAQ:AMWD) Posts Quarterly Earnings Results, Beats Expectations By $0.86 EPS

American Woodmark (NASDAQ:AMWD – Get Rating) released its quarterly earnings results on Thursday. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.35 by $0.86, Briefing.com reports. American Woodmark had a net margin of 3.74% and a return on equity of 13.95%. The firm had revenue of $481.10 million for the quarter, compared to analyst estimates of $478.11 million. During the same quarter in the previous year, the company earned $1.38 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year.

American Woodmark Stock Up 8.7 %

Shares of American Woodmark stock opened at $58.67 on Friday. American Woodmark has a twelve month low of $40.70 and a twelve month high of $63.02. The company has a current ratio of 2.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The stock has a market cap of $976.27 million, a price-to-earnings ratio of 12.51 and a beta of 1.81. The company has a fifty day moving average price of $51.10 and a 200 day moving average price of $52.92.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of American Woodmark from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird upped their target price on shares of American Woodmark from $60.00 to $65.00 in a report on Friday.

Institutional Investors Weigh In On American Woodmark

A number of institutional investors have recently modified their holdings of AMWD. JPMorgan Chase & Co. lifted its stake in American Woodmark by 107.5% during the first quarter. JPMorgan Chase & Co. now owns 67,797 shares of the company’s stock valued at $3,530,000 after purchasing an additional 35,129 shares during the last quarter. Geode Capital Management LLC grew its stake in American Woodmark by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 324,360 shares of the company’s stock valued at $16,889,000 after buying an additional 9,924 shares during the last quarter. AQR Capital Management LLC grew its stake in American Woodmark by 82.7% in the 1st quarter. AQR Capital Management LLC now owns 92,736 shares of the company’s stock valued at $4,829,000 after buying an additional 41,974 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in American Woodmark by 75.2% in the 1st quarter. Two Sigma Advisers LP now owns 19,800 shares of the company’s stock valued at $1,031,000 after purchasing an additional 8,500 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of American Woodmark by 45.1% during the 1st quarter. Deutsche Bank AG now owns 10,236 shares of the company’s stock worth $533,000 after acquiring an additional 3,181 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

About American Woodmark

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American Woodmark Corp. engages in the manufacture and distribution of kitchen cabinets and vanities for the remodeling and new home construction markets. The company was founded by William F. Brandt, Jr., Richard Al Graber, Jeffrey S. Holcomb and Donald P. Mathias in 1980 and is headquartered in Winchester, VA.