BidaskClub downgraded shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a sell rating in a report issued on Tuesday.
AMWD has been the topic of several other research reports. Zacks Investment Research upgraded American Woodmark from a sell rating to a buy rating and set a $140.00 price target on the stock in a report on Wednesday, December 6th. Robert W. Baird upped their price objective on American Woodmark from $108.00 to $142.00 and gave the stock an outperform rating in a research report on Monday, December 4th. Finally, Longbow Research raised American Woodmark from a neutral rating to a buy rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $140.00.
Shares of American Woodmark (NASDAQ:AMWD) opened at $113.10 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 1.68 and a debt-to-equity ratio of 1.57. American Woodmark has a 1-year low of $78.75 and a 1-year high of $148.44. The firm has a market capitalization of $1,980.00, a PE ratio of 30.16 and a beta of 1.58.
In other news, major shareholder William F. Brandt sold 12,000 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $128.46, for a total transaction of $1,541,520.00. Following the completion of the transaction, the insider now directly owns 1,764,245 shares of the company’s stock, valued at approximately $226,634,912.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven Cary Dunston sold 500 shares of the company’s stock in a transaction dated Thursday, 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 of the company’s stock, valued at $6,107,681.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,000 shares of company stock valued at $6,153,810. Insiders own 1.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AMWD. Citadel Advisors LLC boosted its position in shares of American Woodmark by 6,739.9% during the 4th quarter. Citadel Advisors LLC now owns 150,478 shares of the company’s stock worth $19,599,000 after acquiring an additional 148,278 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of American Woodmark by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 742,101 shares of the company’s stock worth $96,659,000 after acquiring an additional 83,801 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of American Woodmark during the 4th quarter worth about $8,238,000. Deutsche Bank AG boosted its position in shares of American Woodmark by 422.6% during the 4th quarter. Deutsche Bank AG now owns 67,780 shares of the company’s stock worth $8,827,000 after acquiring an additional 54,810 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of American Woodmark by 2.7% in the 4th quarter. BlackRock Inc. now owns 1,943,653 shares of the company’s stock valued at $253,160,000 after purchasing an additional 51,876 shares during the period. 75.58% of the stock is owned by institutional investors and hedge funds.
American Woodmark Company Profile
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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