American Woodmark Co. (NASDAQ:AMWD) Receives Consensus Recommendation of “Hold” from Brokerages

American Woodmark Co. (NASDAQ:AMWD) has been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $93.25.

Several equities analysts have recently commented on AMWD shares. Robert W. Baird boosted their target price on American Woodmark from $120.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. StockNews.com cut American Woodmark from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th.

Hedge Funds Weigh In On American Woodmark

Several hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC grew its position in American Woodmark by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 9,813 shares of the company’s stock worth $911,000 after purchasing an additional 118 shares during the period. Rafferty Asset Management LLC grew its position in shares of American Woodmark by 7.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 3,946 shares of the company’s stock valued at $298,000 after acquiring an additional 290 shares during the period. New York State Teachers Retirement System grew its position in shares of American Woodmark by 3.1% during the 4th quarter. New York State Teachers Retirement System now owns 11,263 shares of the company’s stock valued at $1,046,000 after acquiring an additional 337 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Woodmark by 9.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,097 shares of the company’s stock valued at $380,000 after acquiring an additional 365 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of American Woodmark by 46.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,602 shares of the company’s stock valued at $121,000 after acquiring an additional 509 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

American Woodmark Trading Up 2.9 %

AMWD opened at $92.91 on Wednesday. The business has a 50 day simple moving average of $96.58 and a two-hundred day simple moving average of $87.75. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.82 and a beta of 1.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27. American Woodmark has a one year low of $47.98 and a one year high of $104.28.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Thursday, February 29th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.53. American Woodmark had a return on equity of 16.72% and a net margin of 6.38%. The company had revenue of $422.10 million for the quarter, compared to the consensus estimate of $394.56 million. During the same quarter in the prior year, the business posted $1.46 EPS. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. Analysts predict that American Woodmark will post 8.6 EPS for the current year.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.