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

StockNews.com upgraded shares of American Woodmark (NASDAQ:AMWD) from a sell rating to a hold rating in a report issued on Thursday morning.

AMWD has been the topic of several other reports. Robert W. Baird raised their target price on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital cut their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, Wolfe Research cut shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Woodmark presently has an average rating of “Hold” and an average target price of $114.00.

American Woodmark Stock Down 0.5 %

Shares of American Woodmark stock opened at $61.16 on Thursday. American Woodmark has a twelve month low of $57.44 and a twelve month high of $106.57. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $70.06 and its 200 day moving average is $82.71. The company has a market cap of $907.31 million, a price-to-earnings ratio of 9.14 and a beta of 1.58.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its holdings in American Woodmark by 215.8% during the fourth quarter. Quarry LP now owns 379 shares of the company’s stock valued at $30,000 after purchasing an additional 259 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of American Woodmark by 842.0% during the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company’s stock valued at $37,000 after purchasing an additional 421 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of American Woodmark during the 4th quarter valued at $43,000. GAMMA Investing LLC boosted its holdings in American Woodmark by 170.6% in the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after buying an additional 377 shares during the period. Finally, KBC Group NV increased its stake in American Woodmark by 69.6% in the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after buying an additional 352 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.