Loop Capital Upgrades American Woodmark (NASDAQ:AMWD) to Buy

American Woodmark (NASDAQ:AMWD) was upgraded by research analysts at Loop Capital from a “hold” rating to a “buy” rating in a report issued on Thursday, FinViz reports. The firm presently has a $119.00 target price on the stock, up from their prior target price of $98.00. Loop Capital’s target price suggests a potential upside of 23.80% from the company’s previous close.

Several other research firms also recently commented on AMWD. Zelman & Associates reiterated a “neutral” rating on shares of American Woodmark in a report on Wednesday, July 17th. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Wednesday, August 14th. Finally, Robert W. Baird dropped their target price on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.25.

American Woodmark Trading Up 2.6 %

American Woodmark stock opened at $96.12 on Thursday. American Woodmark has a 12 month low of $65.01 and a 12 month high of $106.57. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $91.05 and its two-hundred day simple moving average is $90.18. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.46 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The firm had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. During the same quarter in the prior year, the company posted $2.78 EPS. The company’s quarterly revenue was down 7.9% on a year-over-year basis.

Insider Buying and Selling

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total transaction of $324,415.00. Following the transaction, the chief executive officer now owns 113,432 shares of the company’s stock, valued at $10,514,012.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Woodmark

Several large investors have recently made changes to their positions in AMWD. Pacer Advisors Inc. grew its holdings in American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after buying an additional 129,692 shares in the last quarter. Renaissance Technologies LLC lifted its position in American Woodmark by 294.9% in the second quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock worth $10,925,000 after buying an additional 103,801 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in American Woodmark during the second quarter worth $6,602,000. Cooke & Bieler LP increased its position in American Woodmark by 9.8% during the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after acquiring an additional 80,873 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY purchased a new stake in shares of American Woodmark in the second quarter valued at $6,209,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.