American Woodmark (NASDAQ:AMWD) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen assigned a "sell" rating to American Woodmark and Weiss Ratings also cut to "sell", but the MarketBeat consensus remains a Hold with a $60.33 price target (1 Buy, 2 Hold, 1 Sell).
• The company reported EPS $0.45 beating estimates of $0.11 while revenue fell 18.4% year-over-year to $324.3M and missed sales estimates; AMWD trades around $41.69 with a market cap of ~$607M and a P/E of ~36.
• Institutional ownership is 95.47%, driven by large stake increases from firms like Franklin Resources and Citigroup and new positions from Toronto Dominion, Magnetar and AQR.

American Woodmark (NASDAQ:AMWD - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "sell" rating in a research report issued on Saturday.

A number of other research analysts have also recently commented on the company. Robert W. Baird reduced their target price on American Woodmark from $60.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, February 27th. Zelman & Associates raised American Woodmark from an "underperform" rating to a "neutral" rating and set a $54.00 target price on the stock in a research note on Friday, February 27th. Finally, Weiss Ratings cut American Woodmark from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Woodmark has a consensus rating of "Hold" and a consensus price target of $60.33.

American Woodmark Trading Down 0.3%

Shares of AMWD stock opened at $41.69 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 2.37. American Woodmark has a 52-week low of $35.51 and a 52-week high of $72.15. The company has a market capitalization of $607.42 million, a PE ratio of 35.94 and a beta of 1.34. The business's fifty day moving average is $48.44 and its 200 day moving average is $55.47.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.34. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The company had revenue of $324.30 million for the quarter, compared to the consensus estimate of $358.14 million. During the same quarter last year, the business posted $1.05 earnings per share. The firm's revenue was down 18.4% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AMWD. Franklin Resources Inc. increased its stake in American Woodmark by 8,028.2% in the fourth quarter. Franklin Resources Inc. now owns 408,932 shares of the company's stock valued at $22,041,000 after acquiring an additional 403,901 shares during the last quarter. Citigroup Inc. grew its stake in shares of American Woodmark by 2,117.7% during the third quarter. Citigroup Inc. now owns 400,343 shares of the company's stock valued at $26,727,000 after buying an additional 382,291 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of American Woodmark during the fourth quarter valued at about $17,186,000. Magnetar Financial LLC bought a new position in shares of American Woodmark during the third quarter valued at about $20,665,000. Finally, AQR Arbitrage LLC bought a new position in shares of American Woodmark during the third quarter valued at about $15,722,000. Institutional investors own 95.47% of the company's stock.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark's products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.

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