BidaskClub Lowers American Woodmark (AMWD) to Sell

BidaskClub cut shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

A number of other brokerages have also issued reports on AMWD. Zacks Investment Research lowered shares of American Woodmark from a buy rating to a hold rating in a report on Friday, February 2nd. Robert W. Baird raised their price target on shares of American Woodmark from $108.00 to $142.00 and gave the stock an outperform rating in a report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. American Woodmark has an average rating of Hold and a consensus target price of $141.00.

American Woodmark (NASDAQ:AMWD) opened at $128.35 on Wednesday. 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 $76.10 and a twelve month high of $148.44. The company has a market cap of $2,103.89, a price-to-earnings ratio of 28.40 and a beta of 1.58.

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

In other news, major shareholder William F. Brandt sold 12,000 shares of American Woodmark stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $133.35, for a total transaction of $1,600,200.00. Following the sale, the insider now owns 1,743,245 shares of the company’s stock, valued at approximately $232,461,720.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Cary Dunston sold 500 shares of American Woodmark stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $95.20, for a total transaction of $47,600.00. Following the sale, the insider now directly owns 47,609 shares in the company, valued at approximately $4,532,376.80. The disclosure for this sale can be found here. In the last three months, insiders sold 89,000 shares of company stock worth $10,518,635. Insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC boosted its stake in shares of American Woodmark by 6,739.9% during the 4th quarter. Citadel Advisors LLC now owns 150,478 shares of the company’s stock valued at $19,599,000 after purchasing an additional 148,278 shares in the last quarter. HAP Trading LLC bought a new stake in shares of American Woodmark during the 4th quarter valued at about $1,341,000. BlackRock Inc. boosted its stake in shares of American Woodmark by 2.7% during the 4th quarter. BlackRock Inc. now owns 1,943,653 shares of the company’s stock valued at $253,160,000 after purchasing an additional 51,876 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of American Woodmark by 16.0% during the 4th quarter. Rhumbline Advisers now owns 32,730 shares of the company’s stock valued at $4,263,000 after purchasing an additional 4,525 shares in the last quarter. Finally, Shell Asset Management Co. bought a new stake in shares of American Woodmark during the 4th quarter valued at about $4,023,000. 75.02% of the stock is currently owned by hedge funds and other institutional investors.

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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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