American Woodmark (NASDAQ:AMWD) PT Lowered to $116.00 at Robert W. Baird

American Woodmark (NASDAQ:AMWD) had its price objective decreased by Robert W. Baird from $122.00 to $116.00 in a research note released on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Separately, StockNews.com cut shares of American Woodmark from a buy rating to a hold rating in a report on Saturday, March 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Woodmark currently has a consensus rating of Hold and an average price target of $95.75.

American Woodmark Stock Performance

Shares of NASDAQ:AMWD opened at $89.04 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $95.86 and a 200-day moving average price of $91.41. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 12.47 and a beta of 1.73. American Woodmark has a 12 month low of $56.82 and a 12 month high of $104.28.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, May 23rd. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). The business had revenue of $453.28 million for the quarter, compared to the consensus estimate of $437.80 million. American Woodmark had a net margin of 6.29% and a return on equity of 15.49%. As a group, equities analysts anticipate that American Woodmark will post 9.2 EPS for the current year.

Institutional Investors Weigh In On American Woodmark

Several hedge funds have recently made changes to their positions in the company. SummerHaven Investment Management LLC lifted its position in American Woodmark by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 9,813 shares of the company’s stock valued at $911,000 after buying an additional 118 shares during the period. ProShare Advisors LLC lifted its position in American Woodmark by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock valued at $329,000 after acquiring an additional 154 shares during the period. Rafferty Asset Management LLC boosted its stake in American Woodmark by 7.9% during the third quarter. Rafferty Asset Management LLC now owns 3,946 shares of the company’s stock worth $298,000 after acquiring an additional 290 shares in the last quarter. New York State Teachers Retirement System grew its holdings in American Woodmark by 3.1% in the fourth quarter. New York State Teachers Retirement System now owns 11,263 shares of the company’s stock worth $1,046,000 after purchasing an additional 337 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American Woodmark by 9.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,097 shares of the company’s stock valued at $380,000 after purchasing an additional 365 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.