Zacks: Brokerages Set $146.00 Price Target for American Woodmark Co. (AMWD)

Shares of American Woodmark Co. (NASDAQ:AMWD) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $146.00 for the company and are expecting that the company will post $1.28 earnings per share for the current quarter, according to Zacks. Zacks has also given American Woodmark an industry rank of 214 out of 265 based on the ratings given to related companies.

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Several equities research analysts have recently weighed in on the stock. BidaskClub cut shares of American Woodmark from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 27th. Zacks Investment Research cut shares of American Woodmark from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Longbow Research raised shares of American Woodmark from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th.

In related news, insider Steven Cary Dunston sold 500 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $139.25, for a total transaction of $69,625.00. Following the completion of the sale, the insider now owns 46,609 shares of the company’s stock, valued at $6,490,303.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vance W. Tang bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The shares were purchased at an average cost of $97.55 per share, with a total value of $195,100.00. Following the transaction, the director now directly owns 13,170 shares of the company’s stock, valued at $1,284,733.50. The disclosure for this purchase can be found here. Insiders have sold 25,500 shares of company stock valued at $3,370,160 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of AMWD. Rhumbline Advisers lifted its position in American Woodmark by 4.2% during the third quarter. Rhumbline Advisers now owns 28,205 shares of the company’s stock valued at $2,715,000 after acquiring an additional 1,127 shares during the last quarter. Ameriprise Financial Inc. lifted its position in American Woodmark by 0.7% during the third quarter. Ameriprise Financial Inc. now owns 92,525 shares of the company’s stock valued at $8,906,000 after acquiring an additional 683 shares during the last quarter. American International Group Inc. lifted its position in American Woodmark by 6.2% during the third quarter. American International Group Inc. now owns 11,195 shares of the company’s stock valued at $1,078,000 after acquiring an additional 650 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in American Woodmark by 7.4% during the third quarter. Great West Life Assurance Co. Can now owns 21,412 shares of the company’s stock valued at $2,019,000 after acquiring an additional 1,484 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in American Woodmark by 31.7% during the third quarter. Wells Fargo & Company MN now owns 34,354 shares of the company’s stock valued at $3,306,000 after acquiring an additional 8,276 shares during the last quarter. 75.60% of the stock is owned by institutional investors.

Shares of AMWD opened at $98.90 on Friday. American Woodmark has a fifty-two week low of $78.75 and a fifty-two week high of $148.44. The company has a market capitalization of $1,695.20, a PE ratio of 22.22 and a beta of 1.74. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.27 and a quick ratio of 1.68.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Friday, March 9th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.04). American Woodmark had a return on equity of 17.54% and a net margin of 5.56%. The business had revenue of $292.80 million during the quarter, compared to analysts’ expectations of $276.60 million. During the same period in the previous year, the company posted $0.89 EPS. American Woodmark’s revenue for the quarter was up 17.4% on a year-over-year basis. equities analysts expect that American Woodmark will post 4.7 EPS for the current year.

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About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.

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