Robert W. Baird Boosts American Woodmark (NASDAQ:AMWD) Price Target to $85.00

American Woodmark (NASDAQ:AMWD) had its price objective increased by Robert W. Baird from $82.00 to $85.00 in a report released on Wednesday, MarketBeat reports. Robert W. Baird currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Sidoti lowered American Woodmark from a buy rating to a neutral rating and lifted their price objective for the stock from $71.00 to $79.00 in a report on Tuesday, July 18th. TheStreet raised American Woodmark from a c+ rating to a b- rating in a report on Friday, June 9th. StockNews.com began coverage on American Woodmark in a report on Thursday, August 17th. They set a buy rating on the stock. Loop Capital lifted their price objective on American Woodmark from $64.00 to $79.00 and gave the stock a hold rating in a report on Monday, July 24th. Finally, Zelman & Associates raised American Woodmark from a hold rating to a buy rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $73.50.

American Woodmark Stock Up 3.1 %

Shares of AMWD stock opened at $80.10 on Wednesday. The stock’s 50 day simple moving average is $74.78 and its 200 day simple moving average is $62.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.00 and a current ratio of 2.07. American Woodmark has a twelve month low of $41.05 and a twelve month high of $80.27. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.85 and a beta of 1.86.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.30 by $0.48. The company had revenue of $498.26 million for the quarter, compared to the consensus estimate of $497.31 million. American Woodmark had a return on equity of 15.23% and a net margin of 4.54%. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.71 EPS. As a group, research analysts predict that American Woodmark will post 6.63 EPS for the current year.

Institutional Investors Weigh In On American Woodmark

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in American Woodmark by 2.3% in the first quarter. Vanguard Group Inc. now owns 1,468,355 shares of the company’s stock valued at $71,876,000 after purchasing an additional 32,812 shares during the last quarter. Cooke & Bieler LP increased 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 valued at $60,813,000 after purchasing an additional 6,685 shares during the last quarter. Wellington Management Group LLP increased 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 valued at $57,962,000 after purchasing an additional 100,455 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in American Woodmark by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,742 shares of the company’s stock valued at $84,903,000 after purchasing an additional 22,093 shares during the last quarter. Finally, Pzena Investment Management LLC increased 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 valued at $48,013,000 after purchasing an additional 83,890 shares during the last quarter. Institutional investors own 91.89% of the company’s stock.

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.