Analysts Set American Woodmark Co. (NASDAQ:AMWD) Price Target at $93.25

Shares of American Woodmark Co. (NASDAQ:AMWD) have earned an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $93.25.

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

Institutional Trading of American Woodmark

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of American Woodmark by 3,400.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,520 shares of the company’s stock worth $256,000 after acquiring an additional 2,448 shares during the last quarter. Guidance Capital Inc. purchased a new position in shares of American Woodmark during the first quarter valued at $445,000. Vanguard Group Inc. grew its holdings in shares of American Woodmark by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock valued at $157,017,000 after buying an additional 74,371 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of American Woodmark during the fourth quarter valued at $311,000. Finally, Bridgeway Capital Management LLC grew its holdings in shares of American Woodmark by 3.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 162,544 shares of the company’s stock valued at $15,092,000 after buying an additional 6,144 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Up 1.4 %

Shares of NASDAQ AMWD opened at $92.92 on Wednesday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 12.82 and a beta of 1.73. American Woodmark has a 12-month low of $47.98 and a 12-month high of $104.28. The company has a current ratio of 2.14, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $96.54 and its 200 day simple moving average is $87.93.

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

About American Woodmark

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.