American Woodmark (NASDAQ:AMWD) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

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

American Woodmark Stock Performance

NASDAQ AMWD traded down $2.10 during trading on Friday, reaching $56.21. The company's stock had a trading volume of 223,936 shares, compared to its average volume of 170,204. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $833.88 million, a price-to-earnings ratio of 8.40 and a beta of 1.34. American Woodmark has a 12 month low of $52.20 and a 12 month high of $106.57. The firm has a 50 day moving average price of $58.13 and a 200 day moving average price of $71.38.

Institutional Trading of American Woodmark

Institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC boosted its holdings in American Woodmark by 81.5% in the 1st quarter. Intech Investment Management LLC now owns 24,800 shares of the company's stock valued at $1,459,000 after purchasing an additional 11,136 shares during the period. AQR Capital Management LLC raised its position in shares of American Woodmark by 32.7% in the 1st quarter. AQR Capital Management LLC now owns 40,996 shares of the company's stock valued at $2,412,000 after buying an additional 10,098 shares in the last quarter. Jane Street Group LLC raised its position in shares of American Woodmark by 132.6% in the 1st quarter. Jane Street Group LLC now owns 50,827 shares of the company's stock valued at $2,990,000 after buying an additional 28,975 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of American Woodmark by 277.0% in the 1st 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. Institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on AMWD. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Wolfe Research downgraded shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Robert W. Baird reduced their target price on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Loop Capital cut their price objective on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $83.33.

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.