American Woodmark (NASDAQ:AMWD) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS
American Woodmark (NASDAQ:AMWD) reported quarterly earnings of $1.61 EPS, surpassing expectations by $0.16. The company experienced a net margin of 5.90% and a return on equity of 12.70%. However, revenue declined by 11.7% year-over-year. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $84.33. Institutional investors hold 95.47% of the shares, indicating strong institutional interest in the company.
American Woodmark (NASDAQ:AMWD - Get Free Report) released its quarterly earnings results on Thursday. The company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.16, Briefing.com reports. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 earnings per share.
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American Woodmark Stock Performance
American Woodmark stock opened at $56.64 on Thursday. The company has a market cap of $840.25 million, a PE ratio of 8.47 and a beta of 1.34. The company's 50-day moving average is $58.18 and its two-hundred day moving average is $71.69. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. American Woodmark has a 1 year low of $50.44 and a 1 year high of $106.57.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Zelman & Associates restated an "underperform" rating on shares of American Woodmark in a research report on Monday, April 14th. Loop Capital dropped their target price on shares of American Woodmark from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Wolfe Research downgraded shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. Wall Street Zen lowered shares of American Woodmark from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird decreased their target price on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, American Woodmark presently has a consensus rating of "Hold" and a consensus target price of $84.33.
View Our Latest Stock Analysis on American Woodmark
Institutional Trading of American Woodmark
A number of large investors have recently bought and sold shares of the business. Intech Investment Management LLC grew its stake in shares of American Woodmark by 81.5% in the first quarter. Intech Investment Management LLC now owns 24,800 shares of the company's stock valued at $1,459,000 after buying an additional 11,136 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Jane Street Group LLC raised its stake in American Woodmark by 132.6% in the first quarter. Jane Street Group LLC now owns 50,827 shares of the company's stock valued at $2,990,000 after purchasing an additional 28,975 shares in the last quarter. Finally, Millennium Management LLC raised its stake in American Woodmark by 277.0% in the first quarter. Millennium Management LLC now owns 200,657 shares of the company's stock valued at $11,805,000 after purchasing an additional 147,427 shares in the last quarter. 95.47% of the stock is owned by institutional investors.
About American Woodmark
(Get Free Report)American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.
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