American Woodmark (NASDAQ:AMWD) Sets New 12-Month Low – Here’s What Happened

American Woodmark Co. (NASDAQ:AMWD)’s share price hit a new 52-week low on Tuesday . The company traded as low as $72.93 and last traded at $75.68, with a volume of 25160 shares changing hands. The stock had previously closed at $75.65.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital dropped their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, Wolfe Research lowered American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, American Woodmark presently has an average rating of “Hold” and an average target price of $114.00.

American Woodmark Price Performance

The company has a 50-day moving average price of $82.80 and a 200-day moving average price of $89.54. The firm has a market capitalization of $1.13 billion, a P/E ratio of 11.26 and a beta of 1.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). The firm had revenue of $452.50 million during the quarter, compared to analyst estimates of $458.29 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.36 earnings per share.

Insider Activity at American Woodmark

In related news, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $80.79, for a total value of $100,987.50. Following the sale, the director now owns 24,573 shares of the company’s stock, valued at approximately $1,985,252.67. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the sale, the chief executive officer now owns 106,432 shares in the company, valued at $9,589,523.20. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,250 shares of company stock worth $789,898 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of American Woodmark

A number of hedge funds and other institutional investors have recently made changes to their positions in AMWD. GAMMA Investing LLC increased its position in American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after buying an additional 377 shares during the last quarter. CWM LLC increased its holdings in shares of American Woodmark by 56.7% during the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the last quarter. KBC Group NV increased its holdings in shares of American Woodmark by 69.6% during the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after acquiring an additional 352 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in American Woodmark in the 3rd quarter valued at $80,000. Finally, R Squared Ltd acquired a new stake in American Woodmark during the 4th quarter valued at $87,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Company Profile

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.