Robert W. Baird Issues Pessimistic Forecast for American Woodmark (NASDAQ:AMWD) Stock Price

American Woodmark (NASDAQ:AMWD - Get Free Report) had its price objective decreased by analysts at Robert W. Baird from $75.00 to $68.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 19.69% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Zelman & Associates restated an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Wolfe Research downgraded shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 4th. Loop Capital reduced their price objective on shares of American Woodmark from $100.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. 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 given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $84.33.

American Woodmark Trading Down 1.7%

NASDAQ AMWD traded down $0.96 on Wednesday, hitting $56.82. The company's stock had a trading volume of 98,497 shares, compared to its average volume of 169,528. The company's 50-day moving average is $58.22 and its 200 day moving average is $71.80. The firm has a market cap of $842.85 million, a PE ratio of 8.48 and a beta of 1.34. American Woodmark has a 1-year low of $52.20 and a 1-year high of $106.57. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.27). The company had revenue of $397.58 million during the quarter, compared to analyst estimates of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

Institutional Investors Weigh In On American Woodmark

A number of hedge funds have recently added to or reduced their stakes in the business. Pzena Investment Management LLC increased its stake 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 in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in American Woodmark in the fourth quarter worth $23,954,000. Franklin Resources Inc. increased its stake in American Woodmark by 266.0% in the fourth quarter. Franklin Resources Inc. now owns 372,390 shares of the company's stock valued at $29,616,000 after purchasing an additional 270,644 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of American Woodmark by 1,570.6% during the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company's stock valued at $20,474,000 after purchasing an additional 242,030 shares during the period. Finally, Millennium Management LLC boosted its position in shares of American Woodmark by 277.0% during the 1st quarter. Millennium Management LLC now owns 200,657 shares of the company's stock worth $11,805,000 after purchasing an additional 147,427 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.