American Woodmark (NASDAQ:AMWD) Upgraded by StockNews.com to “Buy”

American Woodmark (NASDAQ:AMWD – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

American Woodmark Price Performance

NASDAQ AMWD opened at $58.67 on Friday. The stock has a market capitalization of $976.27 million, a P/E ratio of 12.51 and a beta of 1.81. American Woodmark has a 1 year low of $40.70 and a 1 year high of $63.02. The business’s fifty day moving average is $51.10 and its two-hundred day moving average is $52.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 2.45.

American Woodmark (NASDAQ:AMWD – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.29). American Woodmark had a net margin of 3.74% and a return on equity of 13.95%. The company had revenue of $480.70 million during the quarter, compared to the consensus estimate of $508.43 million. During the same period in the prior year, the company posted $0.60 EPS. American Woodmark’s quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts forecast that American Woodmark will post 6.75 earnings per share for the current fiscal year.

Institutional Trading of American Woodmark

Several large investors have recently added to or reduced their stakes in AMWD. Vanguard Group Inc. grew its holdings in shares of American Woodmark by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 1,468,355 shares of the company’s stock valued at $71,876,000 after acquiring an additional 32,812 shares in the last quarter. Cooke & Bieler LP boosted its holdings in American Woodmark by 0.5% in the fourth quarter. Cooke & Bieler LP now owns 1,244,636 shares of the company’s stock worth $60,813,000 after purchasing an additional 6,685 shares in the last quarter. Wellington Management Group LLP boosted its holdings in American Woodmark by 9.3% in the first quarter. Wellington Management Group LLP now owns 1,184,109 shares of the company’s stock worth $57,962,000 after purchasing an additional 100,455 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Woodmark by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,089,649 shares of the company’s stock worth $56,736,000 after purchasing an additional 50,093 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in American Woodmark by 10.0% in the first quarter. Pzena Investment Management LLC now owns 922,088 shares of the company’s stock worth $48,013,000 after purchasing an additional 83,890 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American Woodmark Company Profile

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American Woodmark Corp. engages in the manufacture and distribution of kitchen cabinets and vanities for the remodeling and new home construction markets. The company was founded by William F. Brandt, Jr., Richard Al Graber, Jeffrey S. Holcomb and Donald P. Mathias in 1980 and is headquartered in Winchester, VA.