American Woodmark (NASDAQ:AMWD) Raised to “Buy” at Loop Capital

Loop Capital upgraded shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a buy rating in a research report report published on Thursday, Marketbeat.com reports. The brokerage currently has $119.00 price target on the stock, up from their prior price target of $98.00.

AMWD has been the topic of a number of other research reports. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Wednesday, August 14th. Robert W. Baird dropped their price target on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Finally, Zelman & Associates reissued a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $107.25.

American Woodmark Trading Up 3.7 %

Shares of American Woodmark stock opened at $99.69 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The firm’s 50 day simple moving average is $91.26 and its two-hundred day simple moving average is $90.24. American Woodmark has a 12-month low of $65.01 and a 12-month high of $106.57. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.96 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. During the same period in the prior year, the business posted $2.78 earnings per share. The business’s quarterly revenue was down 7.9% compared to the same quarter last year.

Insider Buying and Selling

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total transaction of $324,415.00. Following the transaction, the chief executive officer now directly owns 113,432 shares of the company’s stock, valued at $10,514,012.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of American Woodmark by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after acquiring an additional 19,693 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in American Woodmark by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock worth $95,149,000 after purchasing an additional 7,496 shares during the last quarter. Cooke & Bieler LP boosted its stake in American Woodmark by 9.8% during the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock worth $71,499,000 after purchasing an additional 80,873 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of American Woodmark by 18.2% in the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after buying an additional 129,692 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of American Woodmark by 36.6% in the second quarter. LSV Asset Management now owns 228,320 shares of the company’s stock worth $17,946,000 after buying an additional 61,206 shares in the last quarter. 95.47% of the stock is 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.