American Woodmark (NASDAQ:AMWD) Hits New 12-Month High at $109.34

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American Woodmark Co. (NASDAQ:AMWD)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $109.34 and last traded at $109.12, with a volume of 3146 shares trading hands. The stock had previously closed at $107.77.

AMWD has been the topic of a number of research reports. Zacks Investment Research upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Thursday, November 28th. ValuEngine downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, BidaskClub downgraded shares of American Woodmark from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. American Woodmark currently has a consensus rating of “Hold” and an average price target of $95.67.

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.12 and a current ratio of 1.82. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.60 and a beta of 2.23. The business’s 50-day simple moving average is $104.99 and its 200-day simple moving average is $91.92.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, November 26th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.13. American Woodmark had a net margin of 5.43% and a return on equity of 19.25%. The company had revenue of $428.02 million for the quarter, compared to the consensus estimate of $428.38 million. During the same period in the prior year, the company posted $1.60 EPS. The company’s revenue was up .7% compared to the same quarter last year. On average, analysts forecast that American Woodmark Co. will post 7.5 earnings per share for the current year.

In related news, SVP Robert J. Adams, Jr. sold 2,052 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.00, for a total value of $205,200.00. Following the sale, the senior vice president now directly owns 9,393 shares in the company, valued at approximately $939,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Several large investors have recently made changes to their positions in AMWD. FMR LLC raised its position in shares of American Woodmark by 2.8% in the 1st quarter. FMR LLC now owns 449,784 shares of the company’s stock valued at $37,166,000 after acquiring an additional 12,253 shares during the period. First Trust Advisors LP increased its stake in American Woodmark by 54.0% during the 1st quarter. First Trust Advisors LP now owns 32,415 shares of the company’s stock worth $2,678,000 after purchasing an additional 11,372 shares in the last quarter. Wells Fargo & Company MN increased its stake in American Woodmark by 1.0% during the 2nd quarter. Wells Fargo & Company MN now owns 57,438 shares of the company’s stock worth $4,860,000 after purchasing an additional 559 shares in the last quarter. JPMorgan Chase & Co. increased its stake in American Woodmark by 24.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,015 shares of the company’s stock worth $1,646,000 after purchasing an additional 3,897 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in American Woodmark by 90.1% during the 2nd quarter. Bank of Montreal Can now owns 2,401 shares of the company’s stock worth $203,000 after purchasing an additional 1,138 shares in the last quarter. Institutional investors and hedge funds own 91.66% of the company’s stock.

American Woodmark Company Profile (NASDAQ:AMWD)

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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