Robert W. Baird Cuts American Woodmark (NASDAQ:AMWD) Price Target to $112.00

American Woodmark (NASDAQ:AMWD) had its target price cut by Robert W. Baird from $116.00 to $112.00 in a report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. Wolfe Research raised 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. Loop Capital decreased their target price on American Woodmark from $100.00 to $98.00 and set a hold rating on the stock in a report on Wednesday. Finally, Zelman & Associates reissued a neutral rating on shares of American Woodmark in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, American Woodmark presently has an average rating of Hold and an average price target of $102.00.

American Woodmark Stock Up 1.1 %

NASDAQ:AMWD opened at $89.61 on Wednesday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 12.55 and a beta of 1.62. American Woodmark has a twelve month low of $65.01 and a twelve month high of $106.57. The stock’s 50 day moving average price is $88.99 and its two-hundred day moving average price is $91.63. The company has a quick ratio of 1.24, a current ratio of 2.06 and a debt-to-equity ratio of 0.41.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMWD. Pacer Advisors Inc. grew its holdings in American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after buying an additional 129,692 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in American Woodmark by 421.0% in the 4th quarter. Allianz Asset Management GmbH now owns 154,806 shares of the company’s stock valued at $14,374,000 after buying an additional 125,095 shares in the last quarter. Norges Bank acquired a new position in American Woodmark in the 4th quarter valued at $10,027,000. Renaissance Technologies LLC grew its holdings in American Woodmark by 294.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock valued at $10,925,000 after buying an additional 103,801 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of American Woodmark during the 2nd quarter valued at $6,602,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.