American Woodmark (NASDAQ:AMWD) Sees Large Volume Increase - Should You Buy?

American Woodmark Corporation (NASDAQ:AMWD - Get Free Report) shares saw an uptick in trading volume on Friday . 251,142 shares changed hands during mid-day trading, an increase of 59% from the previous session's volume of 158,418 shares.The stock last traded at $52.85 and had previously closed at $50.88.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Robert W. Baird reduced their price objective on American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Loop Capital lowered their price objective on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Zelman & Associates restated an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Finally, Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, American Woodmark has a consensus rating of "Hold" and a consensus price target of $83.33.

American Woodmark Stock Performance

The firm has a market cap of $785.41 million, a PE ratio of 8.17 and a beta of 1.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.99 and a quick ratio of 1.02. The stock has a 50-day moving average price of $56.52 and a 200 day moving average price of $66.11.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.16. American Woodmark had a return on equity of 11.09% and a net margin of 5.82%. The firm had revenue of $400.39 million for the quarter, compared to analyst estimates of $427.39 million. During the same period last year, the company earned $1.70 EPS. The firm's quarterly revenue was down 11.7% on a year-over-year basis.

Institutional Investors Weigh In On American Woodmark

A number of institutional investors have recently added to or reduced their stakes in AMWD. Quarry LP increased its position in American Woodmark by 215.8% during the 4th quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after purchasing an additional 259 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of American Woodmark by 842.0% in the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock worth $37,000 after acquiring an additional 421 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of American Woodmark in the fourth quarter worth $43,000. GAMMA Investing LLC raised its stake in shares of American Woodmark by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after acquiring an additional 197 shares during the period. Finally, State of Wyoming acquired a new position in shares of American Woodmark during the 1st quarter valued at $172,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

About American Woodmark

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.

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