American Woodmark (NASDAQ:AMWD) Stock Price Expected to Rise, Robert W. Baird Analyst Says

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 - Free Report) had its price objective increased by Robert W. Baird from $64.00 to $68.00 in a research report sent to investors on Thursday, Marketbeat reports. Robert W. Baird currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Loop Capital decreased their price target on shares of American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Woodmark presently has a consensus rating of "Hold" and an average target price of $70.00.

American Woodmark Trading Down 0.4%

NASDAQ AMWD traded down $0.24 during mid-day trading on Thursday, reaching $64.33. 42,145 shares of the stock were exchanged, compared to its average volume of 170,781. American Woodmark has a one year low of $50.00 and a one year high of $104.28. The stock has a 50 day simple moving average of $58.09 and a 200-day simple moving average of $58.67. The stock has a market cap of $937.27 million, a P/E ratio of 11.47 and a beta of 1.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.04 and a quick ratio of 1.05.

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its earnings results 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 return on equity of 9.43% and a net margin of 5.11%.The firm had revenue of $403.05 million for the quarter, compared to the consensus estimate of $420.64 million. During the same period in the prior year, the business earned $1.89 EPS. American Woodmark's quarterly revenue was down 12.2% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC grew its holdings in shares of American Woodmark by 36.6% during the second quarter. Pzena Investment Management LLC now owns 1,148,331 shares of the company's stock valued at $61,286,000 after buying an additional 307,657 shares during the last quarter. Cooke & Bieler LP boosted its stake in American Woodmark by 0.6% in the second quarter. Cooke & Bieler LP now owns 897,628 shares of the company's stock valued at $47,906,000 after acquiring an additional 5,427 shares during the last quarter. Systematic Financial Management LP raised its position in shares of American Woodmark by 7.3% in the second quarter. Systematic Financial Management LP now owns 391,562 shares of the company's stock valued at $20,898,000 after purchasing an additional 26,633 shares during the period. Franklin Resources Inc. raised its position in shares of American Woodmark by 0.5% in the second quarter. Franklin Resources Inc. now owns 367,053 shares of the company's stock valued at $19,590,000 after purchasing an additional 1,955 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its holdings 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 acquiring an additional 55,711 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.