American Woodmark (NASDAQ:AMWD) Upgraded to Neutral at Zelman & Associates

Zelman & Associates upgraded shares of American Woodmark (NASDAQ:AMWD) from an underperform rating to a neutral rating in a research report sent to investors on Friday morning,Benzinga reports. Zelman & Associates currently has $54.00 target price on the stock.

AMWD has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, January 21st. Robert W. Baird dropped their price objective on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, American Woodmark has a consensus rating of “Hold” and a consensus target price of $60.33.

American Woodmark Stock Performance

AMWD stock traded down $1.33 during mid-day trading on Friday, reaching $50.10. 431,957 shares of the stock traded hands, compared to its average volume of 190,732. The firm has a market capitalization of $729.96 million, a PE ratio of 43.19 and a beta of 1.27. The business has a 50-day moving average of $58.65 and a two-hundred day moving average of $60.64. American Woodmark has a 52 week low of $47.15 and a 52 week high of $72.15. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.34. American Woodmark had a return on equity of 6.11% and a net margin of 1.15%.The company had revenue of $324.30 million during the quarter, compared to analyst estimates of $358.14 million. During the same period in the previous year, the company earned $1.05 earnings per share. The company’s quarterly revenue was down 18.4% compared to the same quarter last year.

Institutional Investors Weigh In On American Woodmark

Several hedge funds have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of American Woodmark by 5.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,809 shares of the company’s stock worth $203,000 after purchasing an additional 206 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in American Woodmark by 0.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,422 shares of the company’s stock worth $2,744,000 after acquiring an additional 356 shares during the period. Osaic Holdings Inc. raised its stake in American Woodmark by 19.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock worth $115,000 after purchasing an additional 357 shares in the last quarter. Swiss National Bank increased its holdings in shares of American Woodmark by 1.4% during the fourth quarter. Swiss National Bank now owns 28,700 shares of the company’s stock worth $1,547,000 after purchasing an additional 400 shares during the period. Finally, Federated Hermes Inc. acquired a new stake in shares of American Woodmark in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Trending Headlines about American Woodmark

Here are the key news stories impacting American Woodmark this week:

• Positive Sentiment: Q3 EPS beat — AMWD reported $0.45 EPS vs. $0.11 consensus, which should support near-term sentiment as the company outperformed EPS expectations. Press Release
• Positive Sentiment: Zelman upgrade — Zelman & Associates upgraded AMWD from “underperform” to “neutral” and set a $54 PT, signaling improving analyst tone that could limit downside. Benzinga
• Neutral Sentiment: Robert W. Baird trimmed its price target from $60 to $55 but kept a “neutral” rating — a modestly lower valuation reference that still implies some upside but reduces analyst conviction. Benzinga
• Neutral Sentiment: MasterBrand deal narrative — recent coverage discusses how a MasterBrand-related deal/reframing could change the company story; impact depends on deal terms and execution, so investors are parsing details. How The MasterBrand Deal Is Reframing The Story
• Neutral Sentiment: Short-interest reporting is unreliable — recent feeds show large/odd moves but list zero shares and NaN changes, so there’s no clear short-squeeze or covering signal from public data today. (Data flagged as inconsistent.)
• Negative Sentiment: Revenue miss and y/y decline — Q3 revenue was $324.3M vs. $358.1M expected and down ~18.4% y/y; the top-line shortfall is the main negative driver behind weaker sentiment despite the EPS beat. Sales Below Estimates

About American Woodmark

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.