American Woodmark (NASDAQ:AMWD) Shares Gap Up to $90.28

American Woodmark Co. (NASDAQ:AMWD)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $90.28, but opened at $93.28. American Woodmark shares last traded at $91.96, with a volume of 3,094 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMWD. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Wednesday. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Robert W. Baird decreased their target price on American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Finally, Loop Capital cut their price target on American Woodmark from $112.00 to $100.00 and set a “hold” rating for the company in a report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.50.

American Woodmark Stock Up 0.9 %

The company has a market cap of $1.42 billion, a PE ratio of 12.64 and a beta of 1.62. The company has a fifty day moving average of $85.96 and a two-hundred day moving average of $91.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 2.06.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Thursday, May 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.05). American Woodmark had a net margin of 6.29% and a return on equity of 15.43%. The business had revenue of $453.28 million for the quarter, compared to analysts’ expectations of $437.80 million.

Insider Buying and Selling

In related news, Director Philip D. Fracassa bought 600 shares of American Woodmark stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of $86.66 per share, with a total value of $51,996.00. Following the completion of the transaction, the director now owns 600 shares in the company, valued at approximately $51,996. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Woodmark

Several hedge funds have recently made changes to their positions in AMWD. New York State Teachers Retirement System lifted its position in shares of American Woodmark by 3.1% in the 4th quarter. New York State Teachers Retirement System now owns 11,263 shares of the company’s stock worth $1,046,000 after purchasing an additional 337 shares during the period. Stratos Wealth Partners LTD. bought a new position in American Woodmark in the fourth quarter worth approximately $284,000. Louisiana State Employees Retirement System bought a new stake in American Woodmark during the 4th quarter valued at $761,000. Strs Ohio boosted its position in American Woodmark by 7.3% during the 4th quarter. Strs Ohio now owns 8,800 shares of the company’s stock valued at $817,000 after acquiring an additional 600 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of American Woodmark in the 4th quarter valued at $210,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.