American Woodmark (NASDAQ:AMWD) Price Target Raised to $118.00 at Robert W. Baird

American Woodmark (NASDAQ:AMWD) had its target price lifted by Robert W. Baird from $115.00 to $118.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages also recently commented on AMWD. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Wednesday, August 14th. Loop Capital upgraded American Woodmark from a “hold” rating to a “buy” rating and boosted their price target for the company from $98.00 to $119.00 in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, American Woodmark has an average rating of “Moderate Buy” and an average price target of $107.50.

American Woodmark Stock Up 1.8 %

Shares of American Woodmark stock opened at $90.78 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.93. American Woodmark has a 52-week low of $70.58 and a 52-week high of $106.57. The company’s 50 day moving average price is $94.52 and its 200-day moving average price is $90.29. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.57 and a beta of 1.61.

Insider Activity

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the transaction, the chief executive officer now owns 113,432 shares in the company, valued at approximately $10,514,012.08. This represents a 2.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of American Woodmark

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC increased its stake in shares of American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after purchasing an additional 225 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of American Woodmark in the 2nd quarter worth approximately $66,000. Millburn Ridgefield Corp bought a new position in American Woodmark during the 3rd quarter valued at approximately $80,000. Picton Mahoney Asset Management purchased a new position in American Woodmark during the second quarter valued at $71,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after acquiring an additional 377 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.