American Woodmark (NASDAQ:AMWD) had its price target boosted by investment analysts at Robert W. Baird from $108.00 to $142.00 in a research report issued on Monday. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 13.51% from the stock’s current price.
AMWD has been the subject of a number of other reports. Zacks Investment Research raised American Woodmark from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Friday, August 25th. BidaskClub raised American Woodmark from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
American Woodmark (NASDAQ AMWD) opened at $125.10 on Monday. American Woodmark has a fifty-two week low of $69.65 and a fifty-two week high of $136.05. The stock has a market capitalization of $1,960.02, a P/E ratio of 27.24 and a beta of 1.57. 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 American Woodmark news, Director Vance W. Tang sold 1,700 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $90.05, for a total transaction of $153,085.00. Following the completion of the transaction, the director now directly owns 11,170 shares of the company’s stock, valued at approximately $1,005,858.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder William F. Brandt sold 18,000 shares of the stock in a transaction on Friday, December 1st. The shares were 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 94,168 shares of company stock valued at $9,263,644 over the last three months. Corporate insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Broad Run Investment Management LLC boosted its stake in American Woodmark by 0.7% during the 2nd quarter. Broad Run Investment Management LLC now owns 1,409,621 shares of the company’s stock valued at $134,689,000 after purchasing an additional 9,135 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in American Woodmark by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,199 shares of the company’s stock valued at $64,037,000 after purchasing an additional 22,498 shares in the last quarter. State Street Corp boosted its stake in American Woodmark by 4.1% during the 2nd quarter. State Street Corp now owns 338,203 shares of the company’s stock valued at $32,312,000 after purchasing an additional 13,438 shares in the last quarter. Rothschild Asset Management Inc. boosted its stake in American Woodmark by 4.7% during the 3rd quarter. Rothschild Asset Management Inc. now owns 335,692 shares of the company’s stock valued at $32,310,000 after purchasing an additional 15,145 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in American Woodmark by 3.8% during the 3rd quarter. Royce & Associates LP now owns 289,518 shares of the company’s stock valued at $27,866,000 after purchasing an additional 10,598 shares in the last quarter. 80.48% of the stock is owned by hedge funds and other institutional investors.
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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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