American Woodmark Co. (AMWD) Given Average Rating of “Strong Buy” by Analysts

American Woodmark Co. (NASDAQ:AMWD) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $146.00 for the company and are expecting that the company will post $1.28 EPS for the current quarter, according to Zacks. Zacks has also given American Woodmark an industry rank of 127 out of 265 based on the ratings given to related companies.

Several brokerages recently commented on AMWD. Zacks Investment Research downgraded shares of American Woodmark from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Longbow Research upgraded shares of American Woodmark from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. BidaskClub downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, Robert W. Baird boosted their price objective on shares of American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, December 4th.

American Woodmark (AMWD) opened at $95.20 on Friday. The company has a market cap of $1,666.32, a price-to-earnings ratio of 21.49 and a beta of 1.59. American Woodmark has a twelve month low of $78.75 and a twelve month high of $148.44. The company has a quick ratio of 1.68, a current ratio of 2.27 and a debt-to-equity ratio of 1.57.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Friday, March 9th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.04). The firm had revenue of $292.80 million during the quarter, compared to the consensus estimate of $276.60 million. American Woodmark had a return on equity of 17.54% and a net margin of 5.56%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 EPS. analysts expect that American Woodmark will post 4.7 earnings per share for the current fiscal year.

In other American Woodmark news, insider Steven Cary Dunston sold 500 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $133.35, for a total value of $66,675.00. Following the transaction, the insider now directly owns 46,109 shares in the company, valued at $6,148,635.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder William F. Brandt sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $133.35, for a total transaction of $1,600,200.00. Following the transaction, the insider now owns 1,743,245 shares in the company, valued at $232,461,720.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,000 shares of company stock worth $4,992,630. Company insiders own 1.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. LS Investment Advisors LLC lifted its position in shares of American Woodmark by 88.6% during the fourth quarter. LS Investment Advisors LLC now owns 975 shares of the company’s stock worth $127,000 after purchasing an additional 458 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of American Woodmark during the fourth quarter worth approximately $205,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of American Woodmark during the fourth quarter worth approximately $220,000. Elkfork Partners LLC bought a new stake in shares of American Woodmark during the fourth quarter worth approximately $237,000. Finally, Parametrica Management Ltd bought a new stake in shares of American Woodmark during the fourth quarter worth approximately $257,000. Institutional investors own 75.60% of the company’s stock.

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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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