Brokerages Set American Woodmark Co. (NASDAQ:AMWD) Price Target at $102.00

American Woodmark Co. (NASDAQ:AMWD) has earned an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $102.00.

Several analysts have recently weighed in on AMWD shares. Loop Capital dropped their price target on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Zelman & Associates reiterated a “neutral” rating on shares of American Woodmark in a research report on Wednesday, July 17th. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Wednesday, August 14th. Finally, Robert W. Baird decreased their price target on American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th.

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $92.09 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. The business’s 50 day moving average price is $91.64 and its 200 day moving average price is $90.62. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 12.90 and a beta of 1.61. American Woodmark has a one year low of $65.01 and a one year high of $106.57.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The firm had revenue of $459.10 million for the quarter, compared to analyst estimates of $475.37 million. During the same period in the previous year, the firm posted $2.78 EPS. The company’s revenue was down 7.9% compared to the same quarter last year.

Insider Buying and Selling

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the sale, the chief executive officer now owns 113,432 shares of the company’s stock, valued at $10,514,012.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Woodmark

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of American Woodmark by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock valued at $173,917,000 after purchasing an additional 19,693 shares during the period. Dimensional Fund Advisors LP boosted its position in American Woodmark by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock valued at $95,149,000 after buying an additional 7,496 shares during the period. Cooke & Bieler LP grew its stake in shares of American Woodmark by 9.8% in the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock worth $71,499,000 after acquiring an additional 80,873 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of American Woodmark by 18.2% during the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after acquiring an additional 129,692 shares during the period. Finally, LSV Asset Management raised its stake in shares of American Woodmark by 36.6% in the second quarter. LSV Asset Management now owns 228,320 shares of the company’s stock valued at $17,946,000 after acquiring an additional 61,206 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.