Robert W. Baird Has Lowered Expectations for American Woodmark (NASDAQ:AMWD) Stock Price

American Woodmark (NASDAQ:AMWD) had its price objective reduced by equities researchers at Robert W. Baird from $60.00 to $55.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 6.94% from the company’s current price.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.50.

American Woodmark Price Performance

Shares of AMWD opened at $51.43 on Friday. The business’s 50-day moving average is $58.74 and its 200-day moving average is $60.71. 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 company has a market capitalization of $749.28 million, a price-to-earnings ratio of 12.19 and a beta of 1.27. American Woodmark has a fifty-two week low of $47.15 and a fifty-two week high of $72.15.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.11 by $0.34. The business had revenue of $324.30 million during the quarter, compared to analysts’ expectations of $358.14 million. American Woodmark had a net margin of 3.94% and a return on equity of 7.13%. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its position in American Woodmark by 32.7% during the first quarter. AQR Capital Management LLC now owns 40,996 shares of the company’s stock worth $2,412,000 after buying an additional 10,098 shares during the last quarter. Millennium Management LLC boosted its stake in shares of American Woodmark by 277.0% during the 1st quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock worth $11,805,000 after acquiring an additional 147,427 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of American Woodmark by 132.6% during the 1st quarter. Jane Street Group LLC now owns 50,827 shares of the company’s stock valued at $2,990,000 after acquiring an additional 28,975 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of American Woodmark by 81.5% during the 1st quarter. Intech Investment Management LLC now owns 24,800 shares of the company’s stock valued at $1,459,000 after acquiring an additional 11,136 shares during the last quarter. Finally, CWM LLC raised its stake in shares of American Woodmark by 116.0% in the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock valued at $69,000 after acquiring an additional 696 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.