American Woodmark (NASDAQ:AMWD) Sets New 52-Week Low – Here’s What Happened

American Woodmark Co. (NASDAQ:AMWD) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $60.44 and last traded at $60.67, with a volume of 229893 shares trading hands. The stock had previously closed at $62.08.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMWD shares. StockNews.com lowered shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Monday. Wolfe Research downgraded shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Loop Capital reduced their price target 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, Robert W. Baird increased their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.00.

American Woodmark Stock Down 2.3 %

The firm has a market capitalization of $913.33 million, a price-to-earnings ratio of 9.07 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. The business’s 50 day moving average is $76.91 and its 200-day moving average is $86.52.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27). The firm had revenue of $397.58 million for the quarter, compared to the consensus estimate of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

Insider Buying and Selling at American Woodmark

In other news, Director James G. Davis sold 1,250 shares of the 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 completion of the sale, the director now directly owns 24,573 shares of the company’s stock, valued at approximately $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 5,750 shares of company stock valued at $474,548 in the last 90 days. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Woodmark

Several large investors have recently bought and sold shares of the stock. Quarry LP grew its position in American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after purchasing an additional 259 shares during the last quarter. Sterling Capital Management LLC grew its position in American Woodmark by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company’s stock worth $37,000 after buying an additional 421 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in American Woodmark during the fourth quarter worth about $43,000. GAMMA Investing LLC increased its stake in American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after acquiring an additional 377 shares during the period. Finally, KBC Group NV raised its holdings in American Woodmark by 69.6% in the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock valued at $68,000 after acquiring an additional 352 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

About American Woodmark

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.