Shares of American Woodmark Corporation (NASDAQ:AMWD) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $102.00 for the company and are forecasting that the company will post $1.33 EPS for the current quarter, according to Zacks. Zacks has also assigned American Woodmark Corporation an industry rank of 211 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently issued reports on the stock. Zelman & Associates cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub raised shares of American Woodmark Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Zacks Investment Research cut shares of American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.
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In other American Woodmark Corporation news, major shareholder William F. Brandt sold 4,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $97.50, for a total value of $390,000.00. Following the transaction, the insider now directly owns 1,889,973 shares of the company’s stock, valued at approximately $184,272,367.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder William F. Brandt sold 9,233 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $96.52, for a total transaction of $891,169.16. Following the completion of the transaction, the insider now directly owns 1,896,973 shares in the company, valued at $183,095,833.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,959 shares of company stock worth $4,167,828. 1.10% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. bought a new position in American Woodmark Corporation in the 1st quarter valued at about $110,000. Riverhead Capital Management LLC raised its holdings in American Woodmark Corporation by 99.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,199 shares of the company’s stock valued at $114,000 after acquiring an additional 599 shares during the period. Flinton Capital Management LLC raised its holdings in American Woodmark Corporation by 78.3% in the 2nd quarter. Flinton Capital Management LLC now owns 1,394 shares of the company’s stock valued at $133,000 after acquiring an additional 612 shares during the period. State of Alaska Department of Revenue raised its holdings in American Woodmark Corporation by 1.3% in the 1st quarter. State of Alaska Department of Revenue now owns 1,540 shares of the company’s stock valued at $141,000 after acquiring an additional 20 shares during the period. Finally, Dubuque Bank & Trust Co. raised its holdings in American Woodmark Corporation by 8.7% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,654 shares of the company’s stock valued at $158,000 after acquiring an additional 132 shares during the period. 80.12% of the stock is currently owned by hedge funds and other institutional investors.
American Woodmark Corporation (AMWD) traded up 2.47% during trading on Wednesday, reaching $87.00. The company’s stock had a trading volume of 149,731 shares. American Woodmark Corporation has a 52 week low of $69.65 and a 52 week high of $107.30. The company’s 50 day moving average price is $92.42 and its 200 day moving average price is $91.17. The company has a market cap of $1.42 billion, a P/E ratio of 19.86 and a beta of 1.41.
American Woodmark Corporation (NASDAQ:AMWD) last posted its quarterly earnings data on Tuesday, August 22nd. The company reported $1.23 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by $0.14. American Woodmark Corporation had a return on equity of 20.89% and a net margin of 6.85%. The business had revenue of $276.83 million for the quarter, compared to analyst estimates of $278.80 million. During the same quarter in the prior year, the company earned $1.32 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that American Woodmark Corporation will post $4.94 earnings per share for the current fiscal year.
American Woodmark Corporation Company Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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