American Woodmark (NASDAQ:AMWD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of American Woodmark (NASDAQ:AMWD) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

A number of other equities analysts also recently commented on the company. Zelman & Associates restated an “underperform” rating on shares of American Woodmark in a research note on Monday, April 14th. Loop Capital cut their price target on American Woodmark from $100.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Finally, Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.00.

American Woodmark Stock Performance

AMWD stock opened at $61.67 on Tuesday. The stock’s 50 day simple moving average is $58.35 and its 200 day simple moving average is $74.39. American Woodmark has a 12-month low of $52.20 and a 12-month high of $106.57. The firm has a market cap of $914.87 million, a P/E ratio of 9.22 and a beta of 1.34. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business had revenue of $397.58 million for the quarter, compared to analyst estimates of $405.72 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMWD. Pzena Investment Management LLC increased its position in American Woodmark by 71.7% in the 1st quarter. Pzena Investment Management LLC now owns 840,674 shares of the company’s stock valued at $49,457,000 after acquiring an additional 351,157 shares during the period. Franklin Resources Inc. boosted its position in American Woodmark by 266.0% during the 4th quarter. Franklin Resources Inc. now owns 372,390 shares of the company’s stock worth $29,616,000 after acquiring an additional 270,644 shares during the period. Systematic Financial Management LP grew its stake in shares of American Woodmark by 3.6% in the fourth quarter. Systematic Financial Management LP now owns 342,452 shares of the company’s stock worth $27,235,000 after purchasing an additional 11,891 shares in the last quarter. LSV Asset Management increased its holdings in shares of American Woodmark by 22.3% during the first quarter. LSV Asset Management now owns 323,962 shares of the company’s stock valued at $19,059,000 after purchasing an additional 59,010 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of American Woodmark by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 308,591 shares of the company’s stock valued at $18,154,000 after purchasing an additional 4,009 shares in the last quarter. Institutional investors 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.