American Woodmark (AMWD) Upgraded at Longbow Research

American Woodmark (NASDAQ:AMWD) was upgraded by Longbow Research from a “neutral” rating to a “buy” rating in a report issued on Friday.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of American Woodmark from a “sell” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, December 6th. BidaskClub lowered shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Finally, Robert W. Baird increased their price objective on shares of American Woodmark from $108.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. American Woodmark currently has an average rating of “Hold” and an average price target of $141.00.

Shares of American Woodmark (NASDAQ:AMWD) opened at $120.20 on Friday. The company has a market capitalization of $2,186.16, a price-to-earnings ratio of 26.59 and a beta of 1.58. The company has a current ratio of 3.41, a quick ratio of 2.95 and a debt-to-equity ratio of 0.04. American Woodmark has a twelve month low of $74.22 and a twelve month high of $148.44.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Friday, December 1st. The company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.01). American Woodmark had a return on equity of 20.56% and a net margin of 6.98%. The firm had revenue of $274.80 million for the quarter, compared to analyst estimates of $280.60 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. research analysts predict that American Woodmark will post 4.96 earnings per share for the current year.

In other news, insider Steven Cary Dunston sold 500 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $95.20, for a total transaction of $47,600.00. Following the transaction, the insider now owns 47,609 shares in the company, valued at approximately $4,532,376.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William F. Brandt sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $91.59, for a total transaction of $1,099,080.00. Following the transaction, the insider now owns 1,824,245 shares in the company, valued at approximately $167,082,599.55. The disclosure for this sale can be found here. Insiders sold 89,000 shares of company stock worth $10,518,635 in the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. LS Investment Advisors LLC boosted its position in shares of American Woodmark by 88.6% during the 4th quarter. LS Investment Advisors LLC now owns 975 shares of the company’s stock valued at $127,000 after acquiring an additional 458 shares in the last quarter. Flinton Capital Management LLC grew its holdings in American Woodmark by 78.3% during the second quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock valued at $133,000 after purchasing an additional 612 shares during the period. New England Research & Management Inc. acquired a new position in American Woodmark during the third quarter valued at approximately $236,000. Parametrica Management Ltd acquired a new position in American Woodmark during the fourth quarter valued at approximately $257,000. Finally, Piedmont Investment Advisors LLC acquired a new position in American Woodmark during the second quarter valued at approximately $288,000. Institutional investors and hedge funds own 75.02% 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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