American Woodmark Corporation (NASDAQ:AMWD) Receives $70.00 Average Target Price from Analysts

Shares of American Woodmark Corporation (NASDAQ:AMWD) have been given an average recommendation of “Hold” by the five research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $70.00.

AMWD has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of American Woodmark from $64.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, October 8th.

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $63.73 on Tuesday. The firm has a market cap of $928.48 million, a PE ratio of 11.40 and a beta of 1.19. The firm’s 50-day simple moving average is $66.16 and its 200-day simple moving average is $60.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 2.04. American Woodmark has a 1 year low of $50.00 and a 1 year high of $104.28.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.13). The company had revenue of $403.05 million during the quarter, compared to analyst estimates of $420.64 million. American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 EPS.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cooke & Bieler LP lifted its position in shares of American Woodmark by 3.7% in the 3rd quarter. Cooke & Bieler LP now owns 930,460 shares of the company’s stock worth $62,118,000 after buying an additional 32,832 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of American Woodmark by 51.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 6,037 shares of the company’s stock worth $403,000 after acquiring an additional 2,057 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in American Woodmark by 50.8% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 5,804 shares of the company’s stock valued at $387,000 after purchasing an additional 1,954 shares during the last quarter. CWM LLC lifted its position in American Woodmark by 92.1% in the 3rd quarter. CWM LLC now owns 2,489 shares of the company’s stock valued at $166,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in American Woodmark by 6.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 22,275 shares of the company’s stock valued at $1,189,000 after purchasing an additional 1,322 shares during the last quarter. 95.47% of the stock is currently owned by 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.