American Woodmark (AMWD) Rating Reiterated by Longbow Research

American Woodmark (NASDAQ:AMWD)‘s stock had its “neutral” rating restated by Longbow Research in a research report issued on Friday, Marketbeat Ratings reports.

A number of other research firms have also recently commented on AMWD. ValuEngine cut American Woodmark from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 13th. TheStreet cut American Woodmark from a “b” rating to a “c+” rating in a report on Tuesday, October 9th. Robert W. Baird set a $96.00 price objective on American Woodmark and gave the stock a “buy” rating in a report on Tuesday, November 27th. BidaskClub upgraded American Woodmark from a “strong sell” rating to a “sell” rating in a report on Thursday, November 22nd. Finally, Zacks Investment Research upgraded American Woodmark from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Tuesday, August 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $104.75.

NASDAQ AMWD opened at $66.89 on Friday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 0.99 and a beta of 2.12. American Woodmark has a fifty-two week low of $55.03 and a fifty-two week high of $148.44. The company has a quick ratio of 1.35, a current ratio of 1.96 and a debt-to-equity ratio of 1.16.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Thursday, November 29th. The company reported $1.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.27). The company had revenue of $424.88 million for the quarter, compared to analysts’ expectations of $424.17 million. American Woodmark had a net margin of 4.15% and a return on equity of 18.07%. The business’s quarterly revenue was up 54.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 EPS. Analysts forecast that American Woodmark will post 6.92 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Cutler Group LP boosted its holdings in American Woodmark by 1,010.0% in the 2nd quarter. Cutler Group LP now owns 1,110 shares of the company’s stock worth $101,000 after buying an additional 1,010 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in American Woodmark by 149.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock worth $121,000 after buying an additional 790 shares during the last quarter. NumerixS Investment Technologies Inc boosted its holdings in American Woodmark by 375.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the company’s stock worth $172,000 after buying an additional 1,500 shares during the last quarter. Amalgamated Bank acquired a new stake in American Woodmark in the 2nd quarter worth about $210,000. Finally, Verition Fund Management LLC acquired a new stake in American Woodmark in the 2nd quarter worth about $211,000. Institutional investors own 81.42% of the company’s stock.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 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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