American Woodmark (NASDAQ:AMWD) Given New $114.00 Price Target at Loop Capital

American Woodmark (NASDAQ:AMWD) had its target price cut by Loop Capital from $119.00 to $114.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on AMWD. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Wednesday, August 14th. Robert W. Baird lifted their price target on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, American Woodmark has an average rating of “Moderate Buy” and a consensus target price of $107.50.

American Woodmark Price Performance

NASDAQ:AMWD opened at $90.78 on Wednesday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.57 and a beta of 1.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.93. The stock has a fifty day moving average of $94.52 and a 200 day moving average of $90.32. American Woodmark has a 52-week low of $70.58 and a 52-week high of $106.57.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. During the same period in the previous year, the firm posted $2.78 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Insider Activity

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $90.95, for a total value of $318,325.00. Following the transaction, the chief executive officer now owns 109,932 shares in the company, valued at approximately $9,998,315.40. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On American Woodmark

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after acquiring an additional 225 shares during the last quarter. Innealta Capital LLC purchased a new position in American Woodmark during the 2nd quarter valued at about $66,000. Picton Mahoney Asset Management bought a new position in American Woodmark during the 2nd quarter valued at approximately $71,000. Millburn Ridgefield Corp bought a new position in American Woodmark during the 3rd quarter valued at approximately $80,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in American Woodmark by 67.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after buying an additional 377 shares during the period. Hedge funds and other 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.