Analysts Set American Woodmark Co. (NASDAQ:AMWD) PT at $93.67

American Woodmark Co. (NASDAQ:AMWD) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $93.67.

Several brokerages recently weighed in on AMWD. Sidoti set a $105.00 target price on American Woodmark and gave the company a “buy” rating in a report on Friday, May 17th. Wells Fargo & Co upped their price target on American Woodmark from $70.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, May 29th. ValuEngine lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 31st. Finally, BidaskClub raised Zillow Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMWD. First Trust Advisors LP bought a new position in American Woodmark during the 4th quarter valued at approximately $1,172,000. California Public Employees Retirement System raised its position in shares of American Woodmark by 13.0% in the 4th quarter. California Public Employees Retirement System now owns 21,876 shares of the company’s stock worth $1,218,000 after acquiring an additional 2,515 shares in the last quarter. Texas Permanent School Fund raised its position in shares of American Woodmark by 2.1% in the 4th quarter. Texas Permanent School Fund now owns 10,055 shares of the company’s stock worth $560,000 after acquiring an additional 203 shares in the last quarter. Raymond James & Associates bought a new position in shares of American Woodmark in the 4th quarter worth approximately $1,094,000. Finally, United Services Automobile Association raised its position in shares of American Woodmark by 14.4% in the 4th quarter. United Services Automobile Association now owns 137,545 shares of the company’s stock worth $7,659,000 after acquiring an additional 17,338 shares in the last quarter. 94.01% of the stock is owned by institutional investors and hedge funds.

AMWD stock traded down $1.21 during trading on Friday, hitting $82.50. 106,639 shares of the company traded hands, compared to its average volume of 110,249. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.26 and a beta of 2.37. American Woodmark has a 1 year low of $53.35 and a 1 year high of $98.48. The stock has a 50-day moving average of $80.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.05 and a quick ratio of 1.32.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, May 28th. The company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.01). The company had revenue of $407.40 million for the quarter, compared to analysts’ expectations of $413.45 million. American Woodmark had a net margin of 5.09% and a return on equity of 19.51%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.64 earnings per share. As a group, equities analysts predict that American Woodmark will post 7.3 earnings per share for the current fiscal year.

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.

Further Reading: Depreciation

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