American Woodmark (AMWD) Raised to Buy at BidaskClub

BidaskClub upgraded shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a buy rating in a research report report published on Tuesday morning, BidAskClub reports.

A number of other equities analysts also recently issued reports on the company. Sidoti initiated coverage on American Woodmark in a research report on Tuesday, February 19th. They set a buy rating and a $95.00 price target on the stock. ValuEngine upgraded American Woodmark from a sell rating to a hold rating in a research report on Thursday, April 25th. Finally, Zacks Investment Research upgraded American Woodmark from a strong sell rating to a hold rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $102.80.

Shares of AMWD traded down $0.78 during mid-day trading on Tuesday, reaching $89.55. The company had a trading volume of 19,912 shares, compared to its average volume of 133,654. American Woodmark has a 52-week low of $53.35 and a 52-week high of $108.20. The company has a quick ratio of 1.24, a current ratio of 2.05 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.28 and a beta of 2.30.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, February 26th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The firm had revenue of $384.00 million for the quarter, compared to the consensus estimate of $387.66 million. American Woodmark had a return on equity of 19.40% and a net margin of 4.91%. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. As a group, equities analysts anticipate that American Woodmark will post 6.93 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC purchased a new position in American Woodmark during the first quarter worth approximately $27,000. Versant Capital Management Inc raised its holdings in shares of American Woodmark by 533.3% during the first quarter. Versant Capital Management Inc now owns 418 shares of the company’s stock valued at $34,000 after acquiring an additional 352 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of American Woodmark by 36.8% during the fourth quarter. Bank of Montreal Can now owns 1,138 shares of the company’s stock valued at $63,000 after acquiring an additional 306 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of American Woodmark by 13.4% during the first quarter. Advisor Group Inc. now owns 1,707 shares of the company’s stock valued at $142,000 after acquiring an additional 202 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of American Woodmark during the first quarter valued at approximately $204,000. Institutional investors own 93.19% of the company’s stock.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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