Does American Woodmark Corporation (AMWD) Have More Gas After Touching 52-Week High?

January 20, 2018 - By Richard Conner

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.38, from 1.61 in 2017Q2. It is negative, as 22 investors sold American Woodmark Corporation shares while 47 reduced holdings. 17 funds opened positions while 68 raised stakes. 13.00 million shares or 0.07% less from 13.01 million shares in 2017Q2 were reported.
Zacks Inv Mgmt has 8,376 shares. Citadel Advisors Ltd Limited Liability Company has invested 0% of its portfolio in American Woodmark Corporation (NASDAQ:AMWD). Federated Invsts Inc Pa owns 101 shares. 31,205 are owned by Ngam Advsr L P. Ls Inv Advsr Lc invested 0% of its portfolio in American Woodmark Corporation (NASDAQ:AMWD). 8,204 were reported by Citigroup Inc. Brinker Cap Inc reported 2,434 shares. Macquarie Gru Limited stated it has 345,411 shares or 0.06% of all its holdings. Price T Rowe Inc Md, Maryland-based fund reported 6,979 shares. Ftb reported 351 shares. Meeder Asset has 405 shares for 0% of their portfolio. Aqr Cap Ltd Llc holds 76,523 shares or 0.01% of its portfolio. Pnc Financial Services Incorporated reported 35,342 shares. Vaughan Nelson Inv Mngmt L P holds 0.42% or 369,275 shares. Manufacturers Life Insurance Com The reported 42,077 shares.

Since July 28, 2017, it had 0 insider purchases, and 18 sales for $6.99 million activity. The insider BRANDT WILLIAM F sold $192,000. Shares for $241,896 were sold by HENDRIX DANIEL T. DAVIS JAMES G sold $100,639 worth of stock. Another trade for 3,000 shares valued at $267,868 was made by Campbell Roger Perry on Thursday, September 21. The insider Tang Vance W sold $153,093.

The stock of American Woodmark Corporation (NASDAQ:AMWD) hit a new 52-week high and has $143.74 target or 6.00 % above today’s $135.60 share price. The 8 months bullish chart indicates low risk for the $2.18 billion company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $143.74 price target is reached, the company will be worth $130.56M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.42% or $1.9 during the last trading session, reaching $135.6. About 61,857 shares traded. American Woodmark Corporation (NASDAQ:AMWD) has risen 20.58% since January 20, 2017 and is uptrending. It has outperformed by 3.88% the S&P500.

Analysts await American Woodmark Corporation (NASDAQ:AMWD) to report earnings on February, 26. They expect $0.89 earnings per share, 0.00 % or $0.00 from last year’s $0.89 per share. AMWD’s profit will be $14.28M for 38.09 P/E if the $0.89 EPS becomes a reality. After $1.23 actual earnings per share reported by American Woodmark Corporation for the previous quarter, Wall Street now forecasts -27.64 % negative EPS growth.

More notable recent American Woodmark Corporation (NASDAQ:AMWD) news were published by: Prnewswire.com which released: “American Woodmark Corporation Announces Completion Of RSI Acquisition” on December 29, 2017, also Seekingalpha.com with their article: “American Woodmark: Recent Correction Is A Buying Opportunity” published on August 29, 2017, Seekingalpha.com published: “American Woodmark lands RSI Home Products” on December 01, 2017. More interesting news about American Woodmark Corporation (NASDAQ:AMWD) were released by: Seekingalpha.com and their article: “US slaps final duties on Canadian lumber” published on January 03, 2018 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: American Woodmark Corp., 100.0% Follow-Through …” with publication date: December 01, 2017.

American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and home construction markets in the United States. The company has market cap of $2.18 billion. The firm offers framed stock cabinets in approximately 514 various cabinet lines, which include 85 door creates in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name. It has a 29.95 P/E ratio. It offers cabinets in various sizes, and construction and decorative options for a range of design layouts; and turnkey installation services to its direct builder clients through a network of seven service centers.

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