American Woodmark (NASDAQ:AMWD) Sets New 1-Year High at $97.98

Shares of American Woodmark Co. (NASDAQ:AMWD) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $97.98 and last traded at $97.03, with a volume of 759 shares. The stock had previously closed at $96.47.

AMWD has been the subject of a number of recent analyst reports. Sidoti lowered American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 price objective for the company. in a report on Wednesday, September 11th. BidaskClub lowered American Woodmark from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 16th. Zacks Investment Research raised American Woodmark from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Friday, August 30th. Finally, ValuEngine lowered American Woodmark from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $90.00.

The business has a 50 day simple moving average of $88.47 and a 200-day simple moving average of $84.37. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 1.76. The stock has a market capitalization of $1.62 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 1.45 and a beta of 2.24.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. The firm had revenue of $427.40 million during the quarter, compared to analyst estimates of $433.15 million. American Woodmark had a return on equity of 19.20% and a net margin of 5.22%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $2.04 EPS. Equities research analysts forecast that American Woodmark Co. will post 7.35 EPS for the current fiscal year.

In other American Woodmark news, CFO Michael Scott Culbreth sold 2,467 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $95.00, for a total transaction of $234,365.00. Following the completion of the transaction, the chief financial officer now directly owns 17,255 shares of the company’s stock, valued at approximately $1,639,225. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vance W. Tang sold 900 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $88.45, for a total value of $79,605.00. Following the transaction, the director now directly owns 14,290 shares of the company’s stock, valued at $1,263,950.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,751 shares of company stock valued at $626,330. 1.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMWD. Nuveen Asset Management LLC bought a new stake in shares of American Woodmark during the 2nd quarter worth $5,543,000. BlackRock Inc. boosted its stake in shares of American Woodmark by 2.8% during the 2nd quarter. BlackRock Inc. now owns 2,272,522 shares of the company’s stock worth $192,301,000 after acquiring an additional 61,834 shares in the last quarter. Morgan Stanley boosted its stake in shares of American Woodmark by 327.9% during the 2nd quarter. Morgan Stanley now owns 73,265 shares of the company’s stock worth $6,200,000 after acquiring an additional 56,143 shares in the last quarter. Clark Estates Inc. NY bought a new stake in shares of American Woodmark during the 2nd quarter worth $3,342,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of American Woodmark by 234,300.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 28,128 shares of the company’s stock worth $2,380,000 after acquiring an additional 28,116 shares in the last quarter. 90.99% of the stock is owned by institutional investors and hedge funds.

American Woodmark Company Profile (NASDAQ:AMWD)

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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