American Woodmark (NASDAQ:AMWD) Hits New 1-Year High at $102.07

American Woodmark Co. (NASDAQ:AMWD)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $102.07 and last traded at $101.87, with a volume of 133736 shares changing hands. The stock had previously closed at $99.56.

A number of equities analysts have recently commented on the stock. BidaskClub cut shares of American Woodmark from a “strong-buy” rating to a “buy” rating in a report on Tuesday. ValuEngine raised shares of American Woodmark from a “strong sell” rating to a “sell” rating in a research note on Friday, October 25th. Sidoti cut shares of American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 price objective on the stock. in a research note on Wednesday, September 11th. Finally, Zacks Investment Research cut shares of American Woodmark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. 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 to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $90.00.

The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.50 and a beta of 2.24. The firm’s 50 day simple moving average is $95.59 and its 200-day simple moving average is $85.95.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.20. The company had revenue of $427.40 million for the quarter, compared to analysts’ expectations of $433.15 million. American Woodmark had a net margin of 5.22% and a return on equity of 19.20%. American Woodmark’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.04 EPS. As a group, sell-side analysts forecast that American Woodmark Co. will post 7.35 EPS for the current fiscal year.

In other American Woodmark news, Director Vance W. Tang sold 900 shares of the business’s 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 approximately $1,263,950.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Scott Culbreth sold 2,467 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were 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 in the company, valued at $1,639,225. The disclosure for this sale can be found here. Insiders sold a total of 8,803 shares of company stock worth $831,530 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of AMWD. Nisa Investment Advisors LLC boosted its position in shares of American Woodmark by 312.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 330 shares of the company’s stock worth $28,000 after purchasing an additional 250 shares in the last quarter. KBC Group NV purchased a new stake in shares of American Woodmark during the 2nd quarter worth $58,000. Meeder Asset Management Inc. purchased a new stake in shares of American Woodmark during the 2nd quarter worth $70,000. Tower Research Capital LLC TRC boosted its position in shares of American Woodmark by 1,730.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the company’s stock worth $106,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of American Woodmark by 69.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,341 shares of the company’s stock worth $113,000 after purchasing an additional 550 shares in the last quarter. Institutional investors own 90.23% of the company’s stock.

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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