American Woodmark (AMWD) Downgraded by BidaskClub

American Woodmark (NASDAQ:AMWD) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other analysts have also issued reports on AMWD. Zacks Investment Research lowered shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Wednesday, February 27th. Longbow Research restated a “neutral” rating on shares of American Woodmark in a research note on Friday, November 30th. Sidoti began coverage on shares of American Woodmark in a research note on Tuesday, February 19th. They issued a “buy” rating and a $95.00 price target for the company. Finally, Robert W. Baird set a $96.00 price target on shares of American Woodmark and gave the stock a “buy” rating in a research note on Tuesday, November 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. American Woodmark presently has a consensus rating of “Hold” and a consensus price target of $102.80.

AMWD opened at $80.00 on Wednesday. The company has a market cap of $1.36 billion, a PE ratio of 15.27, a PEG ratio of 1.29 and a beta of 2.32. American Woodmark has a 52-week low of $53.35 and a 52-week high of $123.65. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.24 and a current ratio of 2.05.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The company had revenue of $384.00 million for the quarter, compared to analyst estimates of $387.66 million. American Woodmark had a net margin of 4.91% and a return on equity of 19.40%. The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. Equities research analysts predict that American Woodmark will post 6.95 EPS for the current fiscal year.

In related news, insider Steven Cary Dunston purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The stock was acquired at an average price of $55.23 per share, for a total transaction of $82,845.00. Following the completion of the purchase, the insider now owns 51,082 shares in the company, valued at $2,821,258.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Texas Permanent School Fund increased its stake in American Woodmark by 2.1% during the fourth quarter. Texas Permanent School Fund now owns 10,055 shares of the company’s stock valued at $560,000 after purchasing an additional 203 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in American Woodmark by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 10,908 shares of the company’s stock valued at $607,000 after purchasing an additional 239 shares during the last quarter. Bank of Montreal Can increased its stake in American Woodmark by 36.8% during the fourth quarter. Bank of Montreal Can now owns 1,138 shares of the company’s stock valued at $63,000 after purchasing an additional 306 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in American Woodmark by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 17,273 shares of the company’s stock valued at $960,000 after purchasing an additional 700 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in American Woodmark by 2.8% during the third quarter. Teachers Advisors LLC now owns 27,107 shares of the company’s stock valued at $2,127,000 after purchasing an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 88.82% of the company’s stock.

American Woodmark Company Profile

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.

Recommended Story: What is a Reverse Stock Split?

Receive News & Ratings for American Woodmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit