American Woodmark (AMWD) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a sell rating in a report published on Wednesday.

According to Zacks, “American Woodmark Corporation is the third-largest manufacturer of kitchen and bath cabinets. Offering more than 340 cabinet lines in a wide variety of designs, materials and finishes, American Woodmark products are sold through a network of dealers and distributors and directly to home centers and major homebuilders. American Woodmark offers over 500 cabinet styles for the remodeling and new home construction markets under four major brands: American Woodmark, Shenandoah Cabinetry, Timberlake Cabinetry, and Waypoint Living Spaces. American Woodmark cabinetry is created to bring fashion, beauty and function to the heart of the home. American Woodmark people are committed to providing outstanding value and a superior customer experience. American Woodmark company is focused on long term, sustainable growth. They offer employees the opportunity for professional growth while maintaining a work-life balance. “

Several other research firms also recently commented on AMWD. Robert W. Baird set a $96.00 price target on shares of American Woodmark and gave the company a buy rating in a research note on Tuesday, November 27th. BidaskClub downgraded shares of American Woodmark from a sell rating to a strong sell rating in a research note on Friday, December 7th. Sidoti initiated coverage on shares of American Woodmark in a research note on Tuesday, February 19th. They issued a buy rating and a $95.00 price target on the stock. Finally, Longbow Research restated a neutral rating on shares of American Woodmark in a research note on Friday, November 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $102.80.

AMWD stock opened at $86.18 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.27 and a current ratio of 1.96. American Woodmark has a 52 week low of $53.35 and a 52 week high of $130.65. The stock has a market capitalization of $1.48 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.37 and a beta of 2.16.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, February 26th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.07. American Woodmark had a net margin of 4.15% and a return on equity of 18.07%. The business had revenue of $384.00 million for the quarter, compared to the consensus estimate of $387.66 million. During the same period in the prior year, the company posted $0.84 earnings per share. American Woodmark’s revenue was up 31.1% compared to the same quarter last year. On average, analysts predict that American Woodmark will post 6.95 EPS for the current year.

In other news, insider Steven Cary Dunston acquired 1,500 shares of American Woodmark stock in a transaction on Friday, December 21st. The shares were purchased at an average cost of $55.23 per share, for a total transaction of $82,845.00. Following the completion of the purchase, the insider now directly owns 51,082 shares of the company’s stock, valued at approximately $2,821,258.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael Scott Culbreth acquired 600 shares of American Woodmark stock in a transaction on Monday, December 10th. The shares were purchased at an average price of $61.00 per share, for a total transaction of $36,600.00. Following the completion of the purchase, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $696,681. The disclosure for this purchase can be found here. Insiders have acquired 4,600 shares of company stock worth $270,770 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in shares of American Woodmark by 36.8% in the fourth quarter. Bank of Montreal Can now owns 1,138 shares of the company’s stock worth $63,000 after acquiring an additional 306 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of American Woodmark in the third quarter worth about $225,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of American Woodmark by 347.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,433 shares of the company’s stock worth $247,000 after acquiring an additional 3,442 shares during the last quarter. Pitcairn Co. bought a new position in shares of American Woodmark in the fourth quarter worth about $272,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of American Woodmark by 98.6% in the third quarter. Victory Capital Management Inc. now owns 3,478 shares of the company’s stock worth $273,000 after acquiring an additional 1,727 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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