Robert W. Baird Issues Positive Forecast for American Woodmark (NASDAQ:AMWD) Stock Price

American Woodmark (NASDAQ:AMWD) had its price target hoisted by stock analysts at Robert W. Baird from $115.00 to $118.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 28.79% from the company’s current price.

A number of other brokerages also recently issued reports on AMWD. Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $98.00 to $119.00 in a research report on Thursday, October 17th. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.75.

American Woodmark Price Performance

American Woodmark stock opened at $91.62 on Wednesday. The firm has a market capitalization of $1.42 billion, a PE ratio of 13.57 and a beta of 1.61. American Woodmark has a 12-month low of $70.58 and a 12-month high of $106.57. The firm has a 50-day moving average price of $94.77 and a 200-day moving average price of $90.37. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41.

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

Insider Buying and Selling

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark 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 sale, the chief executive officer now directly owns 109,932 shares in the company, valued at approximately $9,998,315.40. The trade was a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Trading of American Woodmark

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its stake in American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after acquiring an additional 225 shares during the period. Innealta Capital LLC acquired a new position in shares of American Woodmark in the 2nd quarter valued at $66,000. Picton Mahoney Asset Management acquired a new position in shares of American Woodmark in the 2nd quarter valued at $71,000. Millburn Ridgefield Corp acquired a new position in shares of American Woodmark in the 3rd quarter valued at $80,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of American Woodmark by 67.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after purchasing an additional 377 shares during the period. 95.47% of the stock is currently 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.