American Woodmark (AMWD) Downgraded by ValuEngine

ValuEngine downgraded shares of American Woodmark (NASDAQ:AMWD) from a sell rating to a strong sell rating in a research note published on Thursday.

Several other analysts have also recently issued reports on AMWD. BidaskClub cut American Woodmark from a hold rating to a sell rating in a research report on Friday, June 8th. Zacks Investment Research raised American Woodmark from a sell rating to a strong-buy rating and set a $119.00 target price on the stock in a research report on Friday, June 1st. Robert W. Baird dropped their target price on American Woodmark from $140.00 to $136.00 and set a buy rating on the stock in a research report on Wednesday, May 30th. Finally, Wells Fargo & Co began coverage on American Woodmark in a research report on Wednesday, June 27th. They set a market perform rating and a $100.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $112.00.

Shares of NASDAQ:AMWD opened at $84.20 on Thursday. American Woodmark has a 52-week low of $80.25 and a 52-week high of $148.44. The company has a market capitalization of $1.49 billion, a P/E ratio of 14.71, a PEG ratio of 1.23 and a beta of 1.85. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 1.23.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Monday, August 27th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.12. American Woodmark had a return on equity of 18.61% and a net margin of 4.68%. The company had revenue of $429.00 million for the quarter, compared to analysts’ expectations of $429.13 million. During the same quarter in the prior year, the firm earned $1.36 earnings per share. American Woodmark’s revenue was up 55.0% compared to the same quarter last year. equities research analysts predict that American Woodmark will post 7.62 earnings per share for the current fiscal year.

In other American Woodmark news, Director Carol B. Moerdyk sold 1,013 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $99.59, for a total transaction of $100,884.67. Following the sale, the director now owns 16,670 shares of the company’s stock, valued at approximately $1,660,165.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cutler Group LP boosted its position in American Woodmark by 1,010.0% during the 2nd quarter. Cutler Group LP now owns 1,110 shares of the company’s stock valued at $101,000 after acquiring an additional 1,010 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in American Woodmark by 149.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock valued at $121,000 after acquiring an additional 790 shares in the last quarter. NumerixS Investment Technologies Inc boosted its position in shares of 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 purchasing an additional 1,500 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of American Woodmark in the 2nd quarter worth $210,000. Finally, Verition Fund Management LLC acquired a new stake in shares of American Woodmark in the 2nd quarter worth $211,000. 81.74% of the stock is currently owned by institutional investors and hedge funds.

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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