American Woodmark (NASDAQ:AMWD) Stock Rating Upgraded by StockNews.com

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

A number of other analysts have also recently weighed in on the company. Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Loop Capital dropped their price objective on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Robert W. Baird boosted their target price on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, American Woodmark has a consensus rating of “Hold” and an average target price of $114.00.

American Woodmark Stock Down 0.5 %

Shares of American Woodmark stock traded down $0.32 on Thursday, reaching $61.16. 144,300 shares of the company were exchanged, compared to its average volume of 159,493. The stock’s 50 day moving average price is $70.06 and its 200-day moving average price is $82.71. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. American Woodmark has a 1-year low of $57.44 and a 1-year high of $106.57. The company has a market cap of $907.31 million, a P/E ratio of 9.14 and a beta of 1.58.

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

Insiders Place Their Bets

In other American Woodmark news, Director James G. Davis sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the sale, the director now owns 24,573 shares in the company, valued at approximately $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of American Woodmark

A number of large investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd increased its stake in American Woodmark by 4.2% in 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 period. CANADA LIFE ASSURANCE Co increased its position in American Woodmark by 1.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company’s stock valued at $1,227,000 after acquiring an additional 200 shares during the period. Glenmede Trust Co. NA raised its stake in American Woodmark by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock valued at $475,000 after acquiring an additional 222 shares during the last quarter. Quarry LP lifted its position in American Woodmark by 215.8% during the 4th quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after acquiring an additional 259 shares during the period. Finally, Vident Advisory LLC grew its stake in shares of American Woodmark by 4.6% in the 4th quarter. Vident Advisory LLC now owns 6,398 shares of the company’s stock valued at $509,000 after purchasing an additional 281 shares during the last quarter. Institutional investors and hedge funds 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.