American Woodmark (NASDAQ:AMWD) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• American Woodmark received a "Hold (C)" rating from Weiss Ratings and has a consensus price target of $70.00, reflecting mixed analyst sentiment with two buy ratings and one sell rating.
• Despite a recent increase in stock price, American Woodmark reported earnings per share of $1.01, which missed analyst expectations and a significant revenue decline of 12.2% compared to the previous year.
• Institutional investors control 95.47% of American Woodmark's stock, indicating strong confidence in the company from large financial entities.

American Woodmark (NASDAQ:AMWD - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Robert W. Baird upped their price objective on American Woodmark from $64.00 to $68.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $70.00.

American Woodmark Price Performance

Shares of NASDAQ:AMWD traded up $2.54 on Wednesday, hitting $67.67. The company had a trading volume of 149,822 shares, compared to its average volume of 175,397. The company has a current ratio of 2.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. American Woodmark has a 52-week low of $50.00 and a 52-week high of $104.28. The business has a 50 day moving average of $64.43 and a 200 day moving average of $59.18. The company has a market cap of $985.95 million, a PE ratio of 12.11 and a beta of 1.19.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.13). American Woodmark had a net margin of 5.11% and a return on equity of 9.43%. The company had revenue of $403.05 million during the quarter, compared to analysts' expectations of $420.64 million. During the same quarter in the prior year, the company earned $1.89 earnings per share. The firm's revenue was down 12.2% compared to the same quarter last year.

Institutional Investors Weigh In On American Woodmark

A number of large investors have recently modified their holdings of AMWD. Pzena Investment Management LLC grew its stake in shares of American Woodmark by 71.7% in the first quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock valued at $49,457,000 after buying an additional 351,157 shares in the last quarter. Millennium Management LLC grew its stake in shares of American Woodmark by 277.0% in the first quarter. Millennium Management LLC now owns 200,657 shares of the company's stock valued at $11,805,000 after buying an additional 147,427 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of American Woodmark by 41.8% in the second quarter. WCM Investment Management LLC now owns 236,802 shares of the company's stock valued at $12,595,000 after buying an additional 69,779 shares in the last quarter. LSV Asset Management grew its stake in shares of American Woodmark by 22.3% in the first quarter. LSV Asset Management now owns 323,962 shares of the company's stock valued at $19,059,000 after buying an additional 59,010 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its stake in shares of American Woodmark by 18.5% in the first quarter. Paradigm Capital Management Inc. NY now owns 356,900 shares of the company's stock valued at $20,996,000 after buying an additional 55,711 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.