Robert W. Baird Raises American Woodmark (NASDAQ:AMWD) Price Target to $68.00

Key Points

• Robert W. Baird has raised its price target for American Woodmark (NASDAQ: AMWD) from $64.00 to $68.00, suggesting a potential upside of 3.76% from the stock's previous close.
• American Woodmark recently reported $1.01 earnings per share, missing analysts' estimates of $1.14, with quarterly revenue down 12.2% year-over-year.
• Analyst ratings for American Woodmark are mixed, with two analysts rating it as a Buy, one a Hold, and one a Sell, leading to a consensus rating of "Hold" with a target price of $70.00.

American Woodmark (NASDAQ:AMWD - Get Free Report) had its price target boosted by equities researchers at Robert W. Baird from $64.00 to $68.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 3.76% from the stock's previous close.

Several other analysts also recently issued reports on AMWD. Wall Street Zen downgraded American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Loop Capital reduced their price objective on American Woodmark from $75.00 to $72.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, American Woodmark has a consensus rating of "Hold" and a consensus target price of $70.00.

American Woodmark Stock Performance

Shares of AMWD stock traded down $0.94 during trading hours on Thursday, reaching $65.54. 29,198 shares of the company traded hands, compared to its average volume of 171,183. American Woodmark has a 12-month low of $50.00 and a 12-month high of $104.28. 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 company has a market cap of $950.45 million, a P/E ratio of 11.72 and a beta of 1.20. The firm has a 50-day moving average price of $57.27 and a 200 day moving average price of $59.17.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.13). American Woodmark had a net margin of 5.11% and a return on equity of 9.44%. The company had revenue of $403.05 million for the quarter, compared to analysts' expectations of $420.64 million. During the same period in the previous year, the firm earned $1.89 earnings per share. The firm's quarterly revenue was down 12.2% on a year-over-year basis.

Institutional Trading of American Woodmark

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in shares of American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after purchasing an additional 259 shares during the period. Public Employees Retirement System of Ohio bought a new position in American Woodmark in the 4th quarter valued at $43,000. GAMMA Investing LLC grew its position in 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 last quarter. Canada Pension Plan Investment Board bought a new position in American Woodmark in the 2nd quarter valued at $64,000. Finally, CWM LLC grew its position in American Woodmark by 116.0% in the 2nd quarter. CWM LLC now owns 1,296 shares of the company's stock valued at $69,000 after acquiring an additional 696 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

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.

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