Wells Fargo & Co started coverage on shares of American Woodmark (NASDAQ:AMWD) in a research report released on Wednesday morning, MarketBeat reports. The brokerage issued a market perform rating and a $100.00 price objective on the stock.
Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of American Woodmark from a strong-buy rating to a buy rating in a research note on Monday, June 18th. Robert W. Baird cut their price target on shares of American Woodmark from $140.00 to $136.00 and set a buy rating on the stock in a research note on Wednesday, May 30th. ValuEngine raised shares of American Woodmark from a sell rating to a hold rating in a research note on Tuesday, May 29th. Finally, Zacks Investment Research raised shares of American Woodmark from a hold rating to a strong-buy rating and set a $138.00 price target on the stock in a research note on Friday, March 9th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $118.33.
Shares of American Woodmark opened at $91.55 on Wednesday, according to MarketBeat. The company has a current ratio of 2.14, a quick ratio of 1.52 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.60 billion, a P/E ratio of 18.53 and a beta of 1.83. American Woodmark has a 1 year low of $78.75 and a 1 year high of $148.44.
American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, May 29th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.49. The business had revenue of $405.90 million for the quarter, compared to the consensus estimate of $382.40 million. American Woodmark had a net margin of 5.05% and a return on equity of 17.60%. The company’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 earnings per share. equities analysts predict that American Woodmark will post 7.54 EPS for the current year.
In other American Woodmark news, Director Carol B. Moerdyk sold 1,013 shares of the stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $99.59, for a total transaction of $100,884.67. Following the transaction, the director now owns 16,670 shares of the company’s stock, valued at $1,660,165.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Roger Perry Campbell sold 1,467 shares of the stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $102.45, for a total transaction of $150,294.15. Following the transaction, the senior vice president now directly owns 13,088 shares in the company, valued at approximately $1,340,865.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,914 shares of company stock worth $903,494. 1.10% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Flinton Capital Management LLC raised its stake in American Woodmark by 32.7% during the fourth quarter. Flinton Capital Management LLC now owns 2,210 shares of the company’s stock worth $288,000 after purchasing an additional 544 shares during the period. Profund Advisors LLC raised its stake in shares of American Woodmark by 35.9% in the 1st quarter. Profund Advisors LLC now owns 2,452 shares of the company’s stock valued at $241,000 after acquiring an additional 648 shares during the period. Geode Capital Management LLC raised its stake in shares of American Woodmark by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 126,721 shares of the company’s stock valued at $16,505,000 after acquiring an additional 810 shares during the period. Systematic Financial Management LP raised its stake in shares of American Woodmark by 1.6% in the 1st quarter. Systematic Financial Management LP now owns 61,354 shares of the company’s stock valued at $6,040,000 after acquiring an additional 983 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of American Woodmark by 0.7% in the 1st quarter. Stifel Financial Corp now owns 195,825 shares of the company’s stock valued at $19,269,000 after acquiring an additional 1,279 shares during the period. 79.69% of the stock is currently owned by institutional investors.
About American Woodmark
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and home construction markets in the United States. The company offers framed stock cabinets in approximately 514 various cabinet lines, which include 85 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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