American Woodmark (AMWD) Raised to “Hold” at BidaskClub
BidaskClub upgraded shares of American Woodmark (NASDAQ:AMWD) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.
Several other research analysts have also issued reports on AMWD. Zacks Investment Research upgraded American Woodmark from a sell rating to a buy rating and set a $140.00 price target on the stock in a research report on Wednesday, December 6th. Robert W. Baird raised their price target on American Woodmark from $108.00 to $142.00 and gave the stock an outperform rating in a research report on Monday, December 4th. Finally, Longbow Research upgraded American Woodmark from a neutral rating to a buy rating in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. American Woodmark currently has a consensus rating of Hold and a consensus price target of $141.00.
Shares of American Woodmark (AMWD) opened at $135.60 on Wednesday. The company has a market capitalization of $2,373.41, a price-to-earnings ratio of 30.27 and a beta of 1.58. American Woodmark has a 52 week low of $77.70 and a 52 week high of $148.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.41 and a quick ratio of 2.95.
In other news, insider Steven Cary Dunston sold 500 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $139.25, for a total value of $69,625.00. Following the transaction, the insider now directly owns 46,609 shares in the company, valued at approximately $6,490,303.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William F. Brandt sold 18,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $117.75, for a total value of $2,119,500.00. The disclosure for this sale can be found here. Insiders sold a total of 77,000 shares of company stock worth $9,419,555 over the last 90 days. 1.10% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of American Woodmark by 2.7% in the 4th quarter. BlackRock Inc. now owns 1,943,653 shares of the company’s stock worth $253,160,000 after purchasing an additional 51,876 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in American Woodmark by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 742,101 shares of the company’s stock worth $96,659,000 after acquiring an additional 83,801 shares in the last quarter. State Street Corp lifted its holdings in American Woodmark by 4.1% during the second quarter. State Street Corp now owns 338,203 shares of the company’s stock worth $32,312,000 after acquiring an additional 13,438 shares in the last quarter. Rothschild Asset Management Inc. lifted its holdings in American Woodmark by 4.7% during the third quarter. Rothschild Asset Management Inc. now owns 335,692 shares of the company’s stock worth $32,310,000 after acquiring an additional 15,145 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in American Woodmark by 3.8% during the third quarter. Royce & Associates LP now owns 289,518 shares of the company’s stock worth $27,866,000 after acquiring an additional 10,598 shares in the last quarter. Institutional investors and hedge funds own 73.03% of the company’s stock.
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About American Woodmark
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 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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