Brokerages Set American Woodmark Co. (NASDAQ:AMWD) Price Target at $108.00

American Woodmark Co. (NASDAQ:AMWD) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $108.00.

Several equities research analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Wednesday, August 14th. Finally, Loop Capital raised shares of American Woodmark from a “hold” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $119.00 in a report on Thursday, October 17th.

American Woodmark Stock Performance

NASDAQ:AMWD opened at $97.24 on Friday. The firm has a market capitalization of $1.51 billion, a PE ratio of 14.41 and a beta of 1.61. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. 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 $94.60 and a 200 day moving average price of $90.38.

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

Insider Transactions at American Woodmark

In related 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 value of $318,325.00. Following the transaction, the chief executive officer now directly owns 109,932 shares in the company, valued at $9,998,315.40. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in American Woodmark by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after buying an additional 19,693 shares during the last quarter. Keeley Teton Advisors LLC boosted its stake in American Woodmark by 66.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 23,964 shares of the company’s stock worth $2,436,000 after acquiring an additional 9,576 shares during the last quarter. Hsbc Holdings PLC boosted its stake in American Woodmark by 195.0% during the 2nd quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock worth $820,000 after acquiring an additional 6,912 shares during the last quarter. Quadrature Capital Ltd acquired a new position in American Woodmark during the first quarter valued at approximately $561,000. Finally, Creative Planning bought a new stake in American Woodmark in the third quarter valued at approximately $312,000. 95.47% of the stock is currently owned by institutional investors.

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.