American Woodmark (NASDAQ:AMWD) Announces Quarterly Earnings Results

American Woodmark (NASDAQ:AMWD) issued its quarterly earnings data on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.34, FiscalAI reports. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The company had revenue of $324.30 million for the quarter, compared to analyst estimates of $358.14 million. During the same quarter last year, the company posted $1.05 earnings per share. The business’s quarterly revenue was down 18.4% compared to the same quarter last year.

American Woodmark Stock Performance

Shares of NASDAQ:AMWD traded down $2.01 during trading on Friday, reaching $49.42. The company had a trading volume of 40,034 shares, compared to its average volume of 156,681. American Woodmark has a fifty-two week low of $47.15 and a fifty-two week high of $72.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.15 and a quick ratio of 1.11. The stock’s fifty day moving average price is $58.74 and its 200 day moving average price is $60.71. The firm has a market capitalization of $720.00 million, a price-to-earnings ratio of 11.78 and a beta of 1.27.

Institutional Trading of American Woodmark

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of American Woodmark during the third quarter worth about $57,000. Canada Pension Plan Investment Board acquired a new position in American Woodmark during the 2nd quarter worth approximately $64,000. PenderFund Capital Management Ltd. purchased a new position in shares of American Woodmark during the 3rd quarter worth approximately $120,000. Osaic Holdings Inc. lifted its holdings in shares of American Woodmark by 19.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock valued at $115,000 after buying an additional 357 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of American Woodmark by 399.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company’s stock valued at $120,000 after buying an additional 1,801 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMWD shares. Robert W. Baird dropped their price target on American Woodmark from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.50.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.