Analysts Set American Woodmark Co. (NASDAQ:AMWD) Price Target at $93.67

Shares of American Woodmark Co. (NASDAQ:AMWD) have been given an average rating of “Hold” by the eight analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $93.67.

AMWD has been the subject of several research analyst reports. Wells Fargo & Co lifted their price target on shares of American Woodmark from $70.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, May 29th. Zacks Investment Research upgraded shares of American Woodmark from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Sidoti set a $105.00 price objective on shares of American Woodmark and gave the company a “buy” rating in a report on Friday, May 17th. ValuEngine cut shares of American Woodmark from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th. Finally, BidaskClub cut shares of American Woodmark from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in American Woodmark by 9.7% during the fourth quarter. Geode Capital Management LLC now owns 171,481 shares of the company’s stock valued at $9,548,000 after buying an additional 15,118 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in American Woodmark by 347.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,433 shares of the company’s stock valued at $247,000 after buying an additional 3,442 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in American Woodmark during the fourth quarter valued at about $340,000. Thrivent Financial for Lutherans raised its holdings 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 buying an additional 239 shares in the last quarter. Finally, Norges Bank bought a new position in American Woodmark during the fourth quarter valued at about $11,294,000. Hedge funds and other institutional investors own 93.28% of the company’s stock.

AMWD traded down $2.20 during midday trading on Thursday, hitting $73.65. The company had a trading volume of 99,665 shares, compared to its average volume of 160,053. American Woodmark has a 52 week low of $53.35 and a 52 week high of $98.48. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.20 and a beta of 2.35. The stock’s 50 day moving average price is $82.63 and its 200 day moving average price is $82.28.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, May 28th. The company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.01). American Woodmark had a net margin of 5.09% and a return on equity of 19.51%. The company had revenue of $407.40 million during the quarter, compared to the consensus estimate of $413.45 million. During the same period last year, the firm posted $1.64 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts predict that American Woodmark will post 7.3 EPS for the current year.

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.

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