American Woodmark (NASDAQ:AMWD) Issues Quarterly Earnings Results

American Woodmark (NASDAQ:AMWD) released its quarterly earnings data on Thursday. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16, Briefing.com reports. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. During the same quarter in the previous year, the company earned $1.70 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis.

American Woodmark Stock Up 2.9%

NASDAQ AMWD opened at $58.31 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. American Woodmark has a 52 week low of $52.20 and a 52 week high of $106.57. The firm has a market capitalization of $865.03 million, a price-to-earnings ratio of 8.72 and a beta of 1.34. The company has a fifty day moving average of $58.18 and a two-hundred day moving average of $71.69.

Institutional Investors Weigh In On American Woodmark

Several institutional investors have recently made changes to their positions in AMWD. Millennium Management LLC grew its holdings in American Woodmark by 277.0% during the 1st quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock valued at $11,805,000 after purchasing an additional 147,427 shares during the last quarter. Jane Street Group LLC boosted its position in shares of American Woodmark by 132.6% during the first quarter. Jane Street Group LLC now owns 50,827 shares of the company’s stock valued at $2,990,000 after buying an additional 28,975 shares during the period. AQR Capital Management LLC boosted its position in shares of American Woodmark by 32.7% during the first quarter. AQR Capital Management LLC now owns 40,996 shares of the company’s stock valued at $2,412,000 after buying an additional 10,098 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of American Woodmark by 81.5% during the first quarter. Intech Investment Management LLC now owns 24,800 shares of the company’s stock valued at $1,459,000 after buying an additional 11,136 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMWD shares. Wall Street Zen cut American Woodmark from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Robert W. Baird decreased their price target on shares of American Woodmark from $75.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday. Zelman & Associates reiterated an “underperform” rating on shares of American Woodmark in a research report on Monday, April 14th. Wolfe Research cut shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Finally, Loop Capital decreased their target price on shares of American Woodmark from $100.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.33.

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.