American Woodmark (NASDAQ:AMWD) Upgraded to “Hold” at StockNews.com

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

Several other equities research analysts have also recently issued reports on AMWD. Robert W. Baird lifted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Finally, Loop Capital reduced their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, American Woodmark has an average rating of “Hold” and a consensus price target of $114.00.

American Woodmark Price Performance

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

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

Insider Activity at American Woodmark

In other American Woodmark news, Director James G. Davis sold 1,250 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the transaction, the director now directly owns 24,573 shares in the company, valued at $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On American Woodmark

Several institutional investors and hedge funds have recently modified their holdings of AMWD. Intech Investment Management LLC acquired a new position in American Woodmark in the 3rd quarter valued at about $749,000. Charles Schwab Investment Management Inc. boosted its stake in shares of American Woodmark by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 296,712 shares of the company’s stock valued at $27,728,000 after purchasing an additional 4,118 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in shares of American Woodmark by 80.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 5,151 shares of the company’s stock valued at $482,000 after purchasing an additional 2,298 shares in the last quarter. Quantbot Technologies LP increased its stake in American Woodmark by 246.4% during the 3rd quarter. Quantbot Technologies LP now owns 16,262 shares of the company’s stock worth $1,520,000 after buying an additional 11,568 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in American Woodmark by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock worth $475,000 after buying an additional 222 shares in the last quarter. 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.