American Woodmark (AMWD) Cut to Buy at BidaskClub

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American Woodmark (NASDAQ:AMWD) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. Sidoti assumed coverage on shares of American Woodmark in a research note on Tuesday, February 19th. They set a “buy” rating and a $95.00 price objective for the company. Longbow Research reissued a “neutral” rating on shares of American Woodmark in a research note on Friday, November 30th. Finally, Robert W. Baird set a $96.00 price objective on shares of American Woodmark and gave the company a “buy” rating in a research note on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $102.80.

Shares of NASDAQ AMWD traded down $1.59 during trading on Thursday, hitting $79.71. 152,500 shares of the company traded hands, compared to its average volume of 221,731. American Woodmark has a 1 year low of $53.35 and a 1 year high of $130.65. The stock has a market capitalization of $1.48 billion, a PE ratio of 15.21, a P/E/G ratio of 1.37 and a beta of 2.16. The company has a quick ratio of 1.27, a current ratio of 1.96 and a debt-to-equity ratio of 1.16.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.07. American Woodmark had a net margin of 4.15% and a return on equity of 18.07%. The company had revenue of $384.00 million during the quarter, compared to analysts’ expectations of $387.66 million. During the same period in the previous year, the company earned $0.84 EPS. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities research analysts expect that American Woodmark will post 6.95 EPS for the current fiscal year.

In other American Woodmark news, insider Steven Cary Dunston bought 1,500 shares of American Woodmark stock in a transaction that occurred on Friday, December 21st. The shares were acquired at an average price of $55.23 per share, for a total transaction of $82,845.00. Following the acquisition, the insider now owns 51,082 shares of the company’s stock, valued at approximately $2,821,258.86. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael Scott Culbreth bought 600 shares of American Woodmark stock in a transaction that occurred on Monday, December 10th. The shares were acquired at an average price of $61.00 per share, for a total transaction of $36,600.00. Following the acquisition, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $696,681. The disclosure for this purchase can be found here. Insiders have purchased a total of 4,600 shares of company stock worth $270,770 in the last 90 days. Company insiders own 0.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in American Woodmark by 9.6% in the 3rd quarter. BlackRock Inc. now owns 2,267,491 shares of the company’s stock worth $177,883,000 after buying an additional 197,724 shares in the last quarter. Vanguard Group Inc. lifted its holdings in American Woodmark by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,226,644 shares of the company’s stock worth $96,230,000 after buying an additional 40,967 shares in the last quarter. Vanguard Group Inc lifted its holdings in American Woodmark by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 1,226,644 shares of the company’s stock worth $96,230,000 after buying an additional 40,967 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in American Woodmark by 14.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 861,885 shares of the company’s stock worth $47,991,000 after buying an additional 110,798 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in American Woodmark by 3.9% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 507,949 shares of the company’s stock worth $28,282,000 after buying an additional 18,960 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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