Zacks: American Woodmark Co. (AMWD) Receives Consensus Recommendation of “Strong Buy” from Analysts

American Woodmark Co. (NASDAQ:AMWD) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $152.00 for the company and are forecasting that the company will post $0.89 earnings per share for the current quarter, according to Zacks. Zacks has also assigned American Woodmark an industry rank of 64 out of 265 based on the ratings given to related companies.

Several research analysts have recently issued reports on the company. Zacks Investment Research lowered American Woodmark from a “buy” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub upgraded American Woodmark from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Robert W. Baird raised their price target on American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th.

American Woodmark (AMWD) traded up $1.90 during midday trading on Friday, hitting $135.60. The stock had a trading volume of 61,857 shares, compared to its average volume of 82,041. American Woodmark has a one year low of $69.65 and a one year high of $136.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.41 and a quick ratio of 2.95. The firm has a market cap of $2,340.19, a PE ratio of 30.00 and a beta of 1.56.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Friday, December 1st. The company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.01). American Woodmark had a return on equity of 20.56% and a net margin of 6.98%. The company had revenue of $274.80 million during the quarter, compared to the consensus estimate of $280.60 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. equities research analysts forecast that American Woodmark will post 4.96 earnings per share for the current year.

In other news, insider Steven Cary Dunston sold 500 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $129.65, for a total value of $64,825.00. Following the transaction, the insider now directly owns 47,109 shares in the company, valued at approximately $6,107,681.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William F. Brandt sold 4,511 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $90.30, for a total value of $407,343.30. Following the completion of the transaction, the insider now owns 1,833,245 shares in the company, valued at $165,542,023.50. The disclosure for this sale can be found here. Insiders sold a total of 95,011 shares of company stock worth $11,050,853 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Frontier Capital Management Co. LLC lifted its holdings in American Woodmark by 58.3% during the fourth quarter. Frontier Capital Management Co. LLC now owns 70,270 shares of the company’s stock worth $9,153,000 after acquiring an additional 25,867 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in American Woodmark by 10.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 79,333 shares of the company’s stock worth $10,334,000 after acquiring an additional 7,329 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in American Woodmark by 6.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 6,200 shares of the company’s stock worth $808,000 after acquiring an additional 400 shares in the last quarter. KAMES CAPITAL plc bought a new position in American Woodmark during the fourth quarter worth about $1,899,000. Finally, New England Research & Management Inc. lifted its holdings in American Woodmark by 17.3% during the fourth quarter. New England Research & Management Inc. now owns 2,875 shares of the company’s stock worth $374,000 after acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

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About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.

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