American Woodmark Co. (AMWD) Receives $98.00 Average Price Target from Brokerages

American Woodmark Co. (NASDAQ:AMWD) has received a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $97.00.

A number of equities research analysts recently weighed in on the company. Longbow Research reaffirmed a “neutral” rating on shares of American Woodmark in a report on Friday, November 30th. Sidoti assumed coverage on American Woodmark in a report on Tuesday. They set a “buy” rating and a $95.00 price target for the company. BidaskClub raised American Woodmark from a “strong sell” rating to a “sell” rating in a report on Saturday, January 5th. Zacks Investment Research cut American Woodmark from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Finally, Robert W. Baird set a $96.00 price target on American Woodmark and gave the company a “buy” rating in a report on Tuesday, November 27th.

Shares of AMWD traded up $1.78 during mid-day trading on Thursday, reaching $85.17. The company had a trading volume of 261,500 shares, compared to its average volume of 211,777. American Woodmark has a twelve month low of $53.35 and a twelve month high of $140.60. The company has a current ratio of 1.96, a quick ratio of 1.27 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.44 billion, a PE ratio of 16.25, a PEG ratio of 1.31 and a beta of 2.16.

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

In other American Woodmark news, CFO Michael Scott Culbreth purchased 600 shares of the company’s stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average cost of $61.00 per share, with a total value of $36,600.00. Following the acquisition, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $696,681. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven Cary Dunston purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were acquired at an average cost of $60.53 per share, with a total value of $151,325.00. Following the completion of the acquisition, the insider now directly owns 49,582 shares in the company, valued at $3,001,198.46. The disclosure for this purchase can be found here. Insiders have purchased a total of 4,600 shares of company stock valued at $270,770 over the last ninety days. Insiders own 0.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in American Woodmark by 9.6% in the 3rd quarter. BlackRock Inc. now owns 2,267,491 shares of the company’s stock valued at $177,883,000 after buying an additional 197,724 shares during the last quarter. Grace & White Inc. NY boosted its position in American Woodmark by 2.3% in the 3rd quarter. Grace & White Inc. NY now owns 57,554 shares of the company’s stock valued at $4,515,000 after buying an additional 1,300 shares during the last quarter. Dupont Capital Management Corp bought a new position in American Woodmark in the 3rd quarter valued at $347,000. Tributary Capital Management LLC boosted its position in American Woodmark by 6.3% in the 4th quarter. Tributary Capital Management LLC now owns 226,384 shares of the company’s stock valued at $12,605,000 after buying an additional 13,495 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in American Woodmark by 2.8% in the 3rd quarter. Teachers Advisors LLC now owns 27,107 shares of the company’s stock valued at $2,127,000 after buying an additional 727 shares during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

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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