Wolfe Research Downgrades American Woodmark (NASDAQ:AMWD) to Peer Perform

American Woodmark (NASDAQ:AMWD) was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Tuesday,Finviz reports.

Other equities analysts also recently issued research reports about the company. Robert W. Baird boosted their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital dropped their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $114.00.

American Woodmark Trading Down 2.8 %

Shares of AMWD stock opened at $75.65 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The stock has a market capitalization of $1.14 billion, a PE ratio of 11.31 and a beta of 1.61. American Woodmark has a 1-year low of $73.24 and a 1-year high of $106.57. The business has a 50-day moving average of $82.80 and a 200 day moving average of $89.54.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The firm had revenue of $452.50 million during the quarter, compared to analysts’ expectations of $458.29 million. During the same quarter last year, the business earned $2.36 earnings per share. The business’s quarterly revenue was down 4.5% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director James G. Davis sold 2,821 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $82.23, for a total transaction of $231,970.83. Following the transaction, the director now owns 25,823 shares of the company’s stock, valued at approximately $2,123,425.29. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $90.10, for a total transaction of $315,350.00. Following the sale, the chief executive officer now owns 106,432 shares in the company, valued at approximately $9,589,523.20. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of American Woodmark by 170.6% in the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after buying an additional 377 shares during the period. CWM LLC raised its holdings in American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after purchasing an additional 225 shares during the last quarter. KBC Group NV boosted its stake in shares of American Woodmark by 69.6% in the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock valued at $68,000 after purchasing an additional 352 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of American Woodmark during the 3rd quarter worth approximately $80,000. Finally, R Squared Ltd bought a new stake in shares of American Woodmark during the fourth quarter worth approximately $87,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.