American Woodmark (NASDAQ:AMWD) Releases Earnings Results

American Woodmark (NASDAQ:AMWD) posted its earnings results on Thursday. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05), reports. The business had revenue of $453.28 million during the quarter, compared to the consensus estimate of $437.80 million. American Woodmark had a return on equity of 15.49% and a net margin of 6.29%.

American Woodmark Stock Performance

AMWD stock opened at $89.04 on Friday. The company has a market cap of $1.41 billion, a P/E ratio of 12.47 and a beta of 1.73. American Woodmark has a 1 year low of $56.82 and a 1 year high of $104.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.27. The stock’s fifty day moving average price is $95.86 and its 200-day moving average price is $91.28.

Hedge Funds Weigh In On American Woodmark

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in American Woodmark by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock valued at $173,917,000 after purchasing an additional 19,693 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in American Woodmark by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,206,036 shares of the company’s stock valued at $111,981,000 after purchasing an additional 69,101 shares in the last quarter. Pacer Advisors Inc. lifted its position in American Woodmark by 49.6% during the fourth quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock valued at $51,377,000 after purchasing an additional 183,336 shares in the last quarter. Invesco Ltd. lifted its position in American Woodmark by 51.8% during the third quarter. Invesco Ltd. now owns 312,984 shares of the company’s stock valued at $23,665,000 after purchasing an additional 106,748 shares in the last quarter. Finally, LSV Asset Management lifted its position in American Woodmark by 19.4% during the first quarter. LSV Asset Management now owns 167,114 shares of the company’s stock valued at $16,989,000 after purchasing an additional 27,156 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMWD. Loop Capital reduced their target price on American Woodmark from $112.00 to $100.00 and set a “hold” rating for the company in a report on Friday. Robert W. Baird dropped their price target on American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, StockNews.com downgraded American Woodmark from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Woodmark has an average rating of “Hold” and a consensus price target of $95.75.

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.