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

American Woodmark (NASDAQ:AMWD) had its price objective cut by Loop Capital from $119.00 to $114.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the stock. 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 report on Wednesday, August 14th. Robert W. Baird boosted their price target on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

American Woodmark Price Performance

Shares of AMWD opened at $89.19 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $94.70 and its two-hundred day moving average is $90.36. American Woodmark has a twelve month low of $70.58 and a twelve month high of $106.57. The firm has a market capitalization of $1.38 billion, a PE ratio of 13.21 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last issued 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). The company had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. American Woodmark’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.78 earnings per share.

Insider Buying and Selling at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $90.95, for a total value 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. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMWD. Vanguard Group Inc. boosted its stake in shares of American Woodmark by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after purchasing an additional 19,693 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of American Woodmark by 155.3% during the first quarter. Lazard Asset Management LLC now owns 7,671 shares of the company’s stock valued at $779,000 after buying an additional 4,666 shares during the period. Price T Rowe Associates Inc. MD boosted its position in American Woodmark by 3.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,359 shares of the company’s stock worth $1,257,000 after acquiring an additional 423 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in American Woodmark by 67.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after acquiring an additional 377 shares during the period. Finally, SG Americas Securities LLC raised its holdings in American Woodmark by 33.2% in the 2nd quarter. SG Americas Securities LLC now owns 2,457 shares of the company’s stock valued at $193,000 after acquiring an additional 612 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.