Zacks: American Woodmark Co. (NASDAQ:AMWD) Given $78.00 Consensus Target Price by Brokerages

American Woodmark Co. (NASDAQ:AMWD) has been given a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating. American Woodmark’s rating score has declined by 50% in the last three months as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price target of $78.00 for the company and are expecting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given American Woodmark an industry rank of 13 out of 265 based on the ratings given to related companies.

In related news, Director William F. Brandt sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $66.87, for a total value of $200,610.00. Following the transaction, the director now owns 2,177,065 shares of the company’s stock, valued at $145,580,336.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James G. Davis sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, December 7th. The stock was sold at an average price of $85.81, for a total transaction of $600,670.00. Following the completion of the transaction, the director now directly owns 11,020 shares in the company, valued at approximately $945,626.20. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in American Woodmark stock. MUFG Americas raised its position in American Woodmark Co. (NASDAQ:AMWD) by 11.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,113 shares of the company’s stock after buying an additional 110 shares during the period. MUFG Americas’ holdings in American Woodmark were worth $72,000 as of its most recent SEC filing.

American Woodmark (NASDAQ:AMWD) opened at 79.98 on Monday. The stock has a market capitalization of $1.30 billion and a PE ratio of 25.18. American Woodmark has a 1-year low of $37.38 and a 1-year high of $89.89. The firm has a 50-day moving average of $79.95 and a 200-day moving average of $68.19.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, November 24th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.31. During the same period last year, the business earned $0.48 earnings per share. The business had revenue of $256.30 million for the quarter, compared to analysts’ expectations of $242.27 million. The company’s revenue was up 17.7% on a year-over-year basis. Equities analysts expect that American Woodmark will post $3.34 EPS for the current fiscal year.

AMWD has been the subject of a number of recent research reports. Zacks Investment Research raised shares of American Woodmark from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Thursday, October 22nd. Robert W. Baird cut shares of American Woodmark from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Friday, November 20th.

12 Month Chart for NASDAQ:AMWD

American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 600 different cabinet lines, ranging from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces. The product offering of stock cabinets includes 85 door designs in 19 colors. Stock cabinets consist of cabinet interiors of a range of dimensions and construction options and a maple, oak, cherry, or hickory front frame, door and/or drawer front. The Company’s products are sold under the brand names of American Woodmark, Timberlake, Shenandoah Cabinetry, Potomac and Waypoint Living Spaces.

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