American Woodmark (NASDAQ:AMWD) Trading 8.6% Higher – Time to Buy?

American Woodmark Corporation (NASDAQ:AMWD)’s share price traded up 8.6% during trading on Wednesday . The stock traded as high as $45.05 and last traded at $46.2280. 72,946 shares were traded during trading, a decline of 67% from the average session volume of 223,521 shares. The stock had previously closed at $42.57.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wall Street Zen raised American Woodmark to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings lowered American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 13th. Robert W. Baird lowered their price objective on American Woodmark from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, April 21st. Finally, Zelman & Associates raised American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price objective for the company in a research report on Friday, February 27th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $57.67.

American Woodmark Trading Up 9.2%

The firm has a 50-day moving average price of $40.18 and a 200-day moving average price of $50.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 2.37. The stock has a market cap of $677.21 million, a PE ratio of 40.07 and a beta of 1.34.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.34. The firm had revenue of $324.30 million during the quarter, compared to analyst estimates of $358.14 million. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.American Woodmark’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS.

Hedge Funds Weigh In On American Woodmark

Several large investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its position in shares of American Woodmark by 19.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock worth $115,000 after purchasing an additional 357 shares during the last quarter. Swiss National Bank increased its holdings in American Woodmark by 1.4% in the 4th quarter. Swiss National Bank now owns 28,700 shares of the company’s stock worth $1,547,000 after buying an additional 400 shares in the last quarter. Federated Hermes Inc. bought a new stake in American Woodmark in the 3rd quarter worth about $36,000. Mariner LLC increased its holdings in American Woodmark by 14.6% in the 3rd quarter. Mariner LLC now owns 4,375 shares of the company’s stock worth $292,000 after buying an additional 558 shares in the last quarter. Finally, Comerica Bank increased its holdings in American Woodmark by 7.8% in the 4th quarter. Comerica Bank now owns 10,341 shares of the company’s stock worth $557,000 after buying an additional 748 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.