American Woodmark Co. (NASDAQ:AMWD) Receives $102.00 Average Target Price from Analysts

Shares of American Woodmark Co. (NASDAQ:AMWD) have earned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $102.00.

Several research analysts have commented on AMWD shares. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Robert W. Baird decreased their price objective on American Woodmark from $116.00 to $112.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Wednesday, August 14th. Finally, Loop Capital reduced their price target on shares of American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a report on Wednesday, August 28th.

American Woodmark Stock Up 4.3 %

Shares of AMWD opened at $88.70 on Friday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 12.42 and a beta of 1.61. American Woodmark has a 12-month low of $65.01 and a 12-month high of $106.57. The firm has a fifty day moving average price of $90.38 and a 200-day moving average price of $91.02. 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 issued 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). 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 the consensus estimate of $475.37 million. During the same quarter in the prior year, the company earned $2.78 earnings per share. American Woodmark’s revenue was down 7.9% on a year-over-year basis.

Institutional Investors Weigh In On American Woodmark

Hedge funds and other institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in shares of American Woodmark by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock valued at $329,000 after purchasing an additional 154 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in American Woodmark by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock worth $793,000 after acquiring an additional 176 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of American Woodmark by 3.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 6,024 shares of the company’s stock worth $473,000 after acquiring an additional 203 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of American Woodmark by 5.8% during the second quarter. Ritholtz Wealth Management now owns 6,763 shares of the company’s stock valued at $532,000 after acquiring an additional 371 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of American Woodmark by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,968 shares of the company’s stock valued at $626,000 after purchasing an additional 376 shares during 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.