Loop Capital Issues Pessimistic Forecast for American Woodmark (NASDAQ:AMWD) Stock Price

American Woodmark (NASDAQ:AMWD - Free Report) had its price target decreased by Loop Capital from $75.00 to $72.00 in a report published on Friday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

AMWD has been the topic of a number of other reports. Robert W. Baird cut their target price on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Wolfe Research downgraded shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. Zelman & Associates restated an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Finally, Wall Street Zen cut shares of American Woodmark from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $83.33.

American Woodmark Stock Up 3.6%

Shares of American Woodmark stock traded up $1.91 during trading hours on Friday, reaching $54.95. 174,745 shares of the company were exchanged, compared to its average volume of 170,091. The firm has a market cap of $815.18 million, a PE ratio of 8.21 and a beta of 1.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. American Woodmark has a 1 year low of $52.20 and a 1 year high of $106.57. The stock's fifty day moving average is $57.86 and its 200 day moving average is $70.39.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. The firm had revenue of $400.39 million during the quarter, compared to analysts' expectations of $427.39 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. American Woodmark's revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 EPS.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Barclays PLC lifted its position in American Woodmark by 267.9% in the third quarter. Barclays PLC now owns 31,316 shares of the company's stock valued at $2,927,000 after acquiring an additional 22,804 shares during the last quarter. KBC Group NV increased its position in shares of American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company's stock worth $68,000 after purchasing an additional 352 shares in the last quarter. R Squared Ltd purchased a new stake in shares of American Woodmark in the 4th quarter valued at about $87,000. Hantz Financial Services Inc. boosted its position in shares of American Woodmark by 122.2% in the 4th quarter. Hantz Financial Services Inc. now owns 4,370 shares of the company's stock valued at $348,000 after purchasing an additional 2,403 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of American Woodmark by 5.1% in the 4th quarter. Empowered Funds LLC now owns 89,100 shares of the company's stock valued at $7,086,000 after purchasing an additional 4,308 shares during the period. 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.