Shares of American Woodmark Corp. (NASDAQ:AMWD) have earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 1-year consensus target price of $88.00 for the company and are anticipating that the company will post $1.18 earnings per share for the current quarter, according to Zacks. Zacks has also given American Woodmark Corp. an industry rank of 114 out of 265 based on the ratings given to its competitors.
AMWD has been the topic of several research analyst reports. Zacks Investment Research raised American Woodmark Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Robert W. Baird raised their price objective on American Woodmark Corp. from $78.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 24th.
American Woodmark Corp. (NASDAQ:AMWD) opened at 77.79 on Thursday. The company has a market capitalization of $1.27 billion, a PE ratio of 19.60 and a beta of 1.76. American Woodmark Corp. has a 12 month low of $57.04 and a 12 month high of $89.89. The firm’s 50-day moving average is $82.03 and its 200-day moving average is $75.49.
American Woodmark Corp. (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 23rd. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.39. The company earned $258.20 million during the quarter, compared to analysts’ expectations of $261.65 million. American Woodmark Corp. had a return on equity of 23.08% and a net margin of 6.70%. American Woodmark Corp.’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. Equities analysts anticipate that American Woodmark Corp. will post $4.40 EPS for the current fiscal year.
In other news, major shareholder William F. Brandt sold 12,312 shares of American Woodmark Corp. stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $79.76, for a total value of $982,005.12. Following the sale, the insider now directly owns 1,936,065 shares of the company’s stock, valued at $154,420,544.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William F. Brandt sold 1,000 shares of American Woodmark Corp. stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $74.97, for a total value of $74,970.00. Following the completion of the sale, the director now directly owns 2,086,065 shares in the company, valued at $156,392,293.05. The disclosure for this sale can be found here. 14.40% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Pacad Investment Ltd. purchased a new stake in shares of American Woodmark Corp. during the second quarter worth about $113,000. PineBridge Investments L.P. raised its stake in shares of American Woodmark Corp. by 3.3% in the second quarter. PineBridge Investments L.P. now owns 1,725 shares of the company’s stock worth $115,000 after buying an additional 55 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of American Woodmark Corp. by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 1,926 shares of the company’s stock worth $128,000 after buying an additional 239 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of American Woodmark Corp. during the second quarter worth about $177,000. Finally, Legal & General Group Plc raised its stake in shares of American Woodmark Corp. by 36.5% in the second quarter. Legal & General Group Plc now owns 2,947 shares of the company’s stock worth $193,000 after buying an additional 788 shares in the last quarter. 79.41% of the stock is currently owned by hedge funds and other institutional investors.
American Woodmark Corp. Company Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for American Woodmark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark Corp. and related companies with MarketBeat.com's FREE daily email newsletter.