Equities research analysts at Sidoti assumed coverage on shares of American Woodmark (NASDAQ:AMWD) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $95.00 price target on the stock. Sidoti’s price objective points to a potential upside of 13.92% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Robert W. Baird set a $96.00 price target on shares of American Woodmark and gave the stock a “buy” rating in a research note on Tuesday, November 27th. BidaskClub upgraded shares of American Woodmark from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Zacks Investment Research upgraded shares of American Woodmark from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Longbow Research reiterated a “neutral” rating on shares of American Woodmark in a report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $102.80.
AMWD stock opened at $83.39 on Tuesday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.31 and a beta of 2.16. American Woodmark has a 12 month low of $53.35 and a 12 month high of $140.60. The company has a current ratio of 1.96, a quick ratio of 1.27 and a debt-to-equity ratio of 1.16.
American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Thursday, November 29th. The company reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.27). The company had revenue of $424.88 million during the quarter, compared to analysts’ expectations of $424.17 million. American Woodmark had a return on equity of 18.07% and a net margin of 4.15%. The company’s quarterly revenue was up 54.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 EPS. On average, equities research analysts expect that American Woodmark will post 6.92 EPS for the current fiscal year.
In other American Woodmark news, insider Steven Cary Dunston bought 1,500 shares of the company’s stock in a transaction on Friday, December 21st. The shares were bought at an average cost of $55.23 per share, for a total transaction of $82,845.00. Following the acquisition, the insider now directly owns 51,082 shares in the company, valued at $2,821,258.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Scott Culbreth bought 600 shares of the company’s stock in a transaction on Monday, December 10th. The shares were acquired at an average price of $61.00 per share, for a total transaction of $36,600.00. Following the completion of the acquisition, the chief financial officer now owns 11,421 shares in the company, valued at $696,681. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 4,600 shares of company stock worth $270,770. 0.90% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of AMWD. BlackRock Inc. grew its holdings in American Woodmark by 9.6% during the 3rd quarter. BlackRock Inc. now owns 2,267,491 shares of the company’s stock worth $177,883,000 after acquiring an additional 197,724 shares in the last quarter. Matarin Capital Management LLC bought a new stake in shares of American Woodmark in the 3rd quarter valued at about $11,913,000. Dimensional Fund Advisors LP boosted its holdings in shares of American Woodmark by 14.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 861,885 shares of the company’s stock valued at $47,991,000 after buying an additional 110,798 shares in the last quarter. FMR LLC boosted its holdings in shares of American Woodmark by 26.2% in the 3rd quarter. FMR LLC now owns 457,384 shares of the company’s stock valued at $35,882,000 after buying an additional 94,932 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of American Woodmark by 34.0% in the 4th quarter. Epoch Investment Partners Inc. now owns 339,002 shares of the company’s stock valued at $18,876,000 after buying an additional 85,944 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.
American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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