Loop Capital Cuts American Woodmark (NASDAQ:AMWD) Price Target to $98.00

American Woodmark (NASDAQ:AMWD) had its price target reduced by Loop Capital from $100.00 to $98.00 in a research note released on Wednesday, Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also issued reports on AMWD. Zelman & Associates reaffirmed a neutral rating on shares of American Woodmark in a report on Wednesday, July 17th. Robert W. Baird cut their target price on shares of American Woodmark from $122.00 to $116.00 and set an outperform rating on the stock in a research report on Friday, May 24th. Finally, 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 research report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $102.00.

American Woodmark Trading Up 1.1 %

Shares of American Woodmark stock opened at $89.61 on Wednesday. The firm has a market capitalization of $1.40 billion, a PE ratio of 12.55 and a beta of 1.62. The company has a current ratio of 2.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $88.99 and its 200 day moving average is $91.63. American Woodmark has a 1 year low of $65.01 and a 1 year high of $106.57.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share (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 the consensus estimate of $475.37 million. American Woodmark had a net margin of 6.29% and a return on equity of 15.43%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the firm posted $2.78 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMWD. Innealta Capital LLC acquired a new position in shares of American Woodmark in the 2nd quarter worth approximately $66,000. Picton Mahoney Asset Management acquired a new position in shares of American Woodmark in the 2nd quarter worth approximately $71,000. DekaBank Deutsche Girozentrale lifted its position in shares of 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 purchasing an additional 377 shares during the period. EntryPoint Capital LLC lifted its position in shares of American Woodmark by 67.8% in the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after purchasing an additional 631 shares during the period. Finally, Covestor Ltd lifted its position in shares of American Woodmark by 1,230.2% in the 1st quarter. Covestor Ltd now owns 1,716 shares of the company’s stock worth $175,000 after purchasing an additional 1,587 shares during the period. 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.