American Woodmark (NASDAQ:AMWD) Raised to Hold at StockNews.com

American Woodmark (NASDAQ:AMWD) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Other analysts also recently issued research reports about the company. Loop Capital lowered their price objective on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Robert W. Baird upped their price target on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Wolfe Research lowered shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $114.00.

American Woodmark Price Performance

AMWD stock opened at $59.15 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The firm has a market cap of $877.49 million, a P/E ratio of 8.84 and a beta of 1.58. The firm’s fifty day moving average is $69.62 and its 200 day moving average is $82.54. American Woodmark has a 52 week low of $57.44 and a 52 week high of $106.57.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company had revenue of $397.58 million for the quarter, compared to the consensus estimate of $405.72 million.

Hedge Funds Weigh In On American Woodmark

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC purchased a new position in American Woodmark during the 3rd quarter valued at $749,000. Charles Schwab Investment Management Inc. boosted its stake in shares of American Woodmark by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company’s stock valued at $24,223,000 after purchasing an additional 7,870 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of American Woodmark by 1,570.6% during the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock valued at $20,474,000 after buying an additional 242,030 shares during the period. Barclays PLC raised its stake in American Woodmark by 267.9% in the third quarter. Barclays PLC now owns 31,316 shares of the company’s stock worth $2,927,000 after buying an additional 22,804 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in American Woodmark by 249.1% in the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after buying an additional 72,600 shares during the period. Institutional investors own 95.47% of the company’s stock.

American Woodmark Company Profile

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.