American Woodmark (NASDAQ:AMWD) Price Target Lowered to $114.00 at Loop Capital

American Woodmark (NASDAQ:AMWD) had its price objective cut by investment analysts at Loop Capital from $119.00 to $114.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s price target would indicate a potential upside of 21.43% from the company’s current price.

A number of other research analysts have also weighed in on the company. 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 report on Wednesday, August 14th. Robert W. Baird lifted their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.50.

American Woodmark Stock Up 2.5 %

Shares of NASDAQ:AMWD traded up $2.26 during trading on Wednesday, reaching $93.88. 9,432 shares of the stock were exchanged, compared to its average volume of 152,572. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. The stock has a fifty day moving average of $94.77 and a two-hundred day moving average of $90.37. American Woodmark has a 1-year low of $70.58 and a 1-year high of $106.57. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 13.91 and a beta of 1.61.

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

Insiders Place Their Bets

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the transaction, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at $9,998,315.40. This represents a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

Several institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of American Woodmark in the third quarter valued at $266,000. Barclays PLC raised its stake in American Woodmark by 267.9% in the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock valued at $2,927,000 after acquiring an additional 22,804 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in American Woodmark by 4.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock valued at $285,000 after purchasing an additional 122 shares during the last quarter. XTX Topco Ltd bought a new position in American Woodmark during the third quarter worth about $1,156,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of American Woodmark in the third quarter worth about $250,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.