American Woodmark Corporation (NASDAQ:AMWD) Given Consensus Rating of “Hold” by Brokerages

Shares of American Woodmark Corporation (NASDAQ:AMWD) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $66.00.

A number of brokerages recently commented on AMWD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, October 8th. Robert W. Baird restated a “neutral” rating and issued a $60.00 target price (up previously from $57.00) on shares of American Woodmark in a research note on Monday, January 12th. Finally, Baird R W lowered American Woodmark from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th.

American Woodmark Price Performance

Shares of NASDAQ:AMWD opened at $62.95 on Friday. The company’s fifty day moving average is $55.15 and its two-hundred day moving average is $59.80. The company has a market cap of $917.12 million, a P/E ratio of 14.92 and a beta of 1.27. American Woodmark has a 12-month low of $47.15 and a 12-month high of $83.72. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, November 25th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.44). The business had revenue of $394.64 million during the quarter, compared to analyst estimates of $410.62 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period last year, the business earned $2.08 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Federated Hermes Inc. acquired a new stake in shares of American Woodmark in the 3rd quarter valued at $36,000. Advisory Services Network LLC bought a new position in American Woodmark during the third quarter valued at about $57,000. GAMMA Investing LLC lifted its position in shares of American Woodmark by 35.8% in the second quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock worth $58,000 after buying an additional 285 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of American Woodmark during the 2nd quarter worth about $64,000. Finally, CWM LLC increased its holdings in shares of American Woodmark by 116.0% during the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock valued at $69,000 after acquiring an additional 696 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.