American Woodmark (NASDAQ:AMWD) Shares Gap Up to $46.10

American Woodmark Co. (NASDAQ:AMWDGet Rating)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $46.10, but opened at $47.49. American Woodmark shares last traded at $47.11, with a volume of 101 shares.

Several equities analysts have recently weighed in on AMWD shares. Loop Capital cut shares of American Woodmark from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $63.00 to $59.00 in a research note on Wednesday, March 23rd. StockNews.com started coverage on shares of American Woodmark in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. TheStreet cut shares of American Woodmark from a “c” rating to a “d+” rating in a research note on Thursday, February 24th. Robert W. Baird lowered their price objective on shares of American Woodmark from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, February 17th. Finally, Zacks Investment Research cut shares of American Woodmark from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 24th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, American Woodmark presently has a consensus rating of “Hold” and a consensus price target of $68.67.

The company has a quick ratio of 0.93, a current ratio of 1.99 and a debt-to-equity ratio of 0.67. The company’s 50 day simple moving average is $53.10. The company has a market capitalization of $788.61 million, a PE ratio of -18.44 and a beta of 2.10.

American Woodmark (NASDAQ:AMWDGet Rating) last announced its earnings results on Thursday, February 24th. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.07). American Woodmark had a positive return on equity of 7.22% and a negative net margin of 2.26%. The firm had revenue of $459.70 million during the quarter, compared to the consensus estimate of $470.59 million. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts expect that American Woodmark Co. will post 3.26 EPS for the current year.

In other news, Director David A. Rodriguez purchased 1,005 shares of the business’s stock in a transaction dated Thursday, March 31st. The stock was acquired at an average price of $49.64 per share, for a total transaction of $49,888.20. Following the acquisition, the director now directly owns 2,882 shares of the company’s stock, valued at $143,062.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Vance W. Tang acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 1st. The shares were bought at an average cost of $52.95 per share, with a total value of $529,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 15,036 shares of company stock worth $798,224. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. UMB Bank N A MO purchased a new stake in shares of American Woodmark during the 4th quarter worth $29,000. First Horizon Advisors Inc. increased its stake in American Woodmark by 128.5% in the fourth quarter. First Horizon Advisors Inc. now owns 546 shares of the company’s stock valued at $35,000 after purchasing an additional 307 shares during the period. Point72 Hong Kong Ltd acquired a new position in American Woodmark in the fourth quarter valued at $67,000. Bourgeon Capital Management LLC acquired a new position in American Woodmark in the third quarter valued at $78,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of American Woodmark by 23.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,409 shares of the company’s stock valued at $92,000 after acquiring an additional 268 shares in the last quarter. 95.21% of the stock is owned by institutional investors.

About American Woodmark (NASDAQ:AMWD)

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodelling and new home construction markets in the United States. It offers made-to-order and cash and carry products. The company also provides turnkey installation services to its direct builder customers through a network of eight service centers.

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