American Woodmark Co. (NASDAQ:AMWD - Get Free Report)'s share price gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $56.64, but opened at $59.26. American Woodmark shares last traded at $57.73, with a volume of 10,419 shares.
The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $400.39 million for the quarter, compared to analyst estimates of $427.39 million. During the same period in the prior year, the company posted $1.70 EPS. American Woodmark's quarterly revenue was down 11.7% on a year-over-year basis.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on AMWD. Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Loop Capital cut their target price on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research report on Friday. Wolfe Research lowered American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. Wall Street Zen downgraded American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird lowered their price target on American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, American Woodmark presently has an average rating of "Hold" and an average price target of $83.33.
View Our Latest Stock Report on AMWD
Institutional Investors Weigh In On American Woodmark
A number of institutional investors have recently made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in shares of American Woodmark by 71.7% in the 1st quarter. Pzena Investment Management LLC now owns 840,674 shares of the company's stock valued at $49,457,000 after acquiring an additional 351,157 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of American Woodmark by 266.0% in the 4th quarter. Franklin Resources Inc. now owns 372,390 shares of the company's stock valued at $29,616,000 after acquiring an additional 270,644 shares during the last quarter. Systematic Financial Management LP grew its stake in American Woodmark by 6.6% during the 1st quarter. Systematic Financial Management LP now owns 364,929 shares of the company's stock worth $21,469,000 after buying an additional 22,477 shares during the last quarter. Paradigm Capital Management Inc. NY grew its stake in American Woodmark by 18.5% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 356,900 shares of the company's stock worth $20,996,000 after buying an additional 55,711 shares during the last quarter. Finally, LSV Asset Management grew its stake in American Woodmark by 22.3% during the 1st quarter. LSV Asset Management now owns 323,962 shares of the company's stock worth $19,059,000 after buying an additional 59,010 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.
American Woodmark Stock Performance
The stock has a market capitalization of $833.88 million, a P/E ratio of 8.40 and a beta of 1.34. The stock has a 50 day moving average of $58.13 and a 200 day moving average of $71.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.
About American Woodmark
(
Get Free Report)
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.
Featured Articles
Before you consider American Woodmark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Woodmark wasn't on the list.
While American Woodmark currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
