American Woodmark (NASDAQ:AMWD) Sets New 12-Month Low – Should You Sell?

American Woodmark Co. (NASDAQ:AMWD)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $58.32 and last traded at $59.15, with a volume of 35937 shares changing hands. The stock had previously closed at $60.13.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMWD. Loop Capital reduced their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. StockNews.com cut American Woodmark from a “hold” rating to a “sell” rating in a report on Monday, March 3rd. Finally, Robert W. Baird raised their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $114.00.

American Woodmark Stock Down 2.1 %

The company has a market capitalization of $873.63 million, a price-to-earnings ratio of 8.80 and a beta of 1.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The firm’s fifty day moving average price is $74.84 and its 200-day moving average price is $85.30.

American Woodmark (NASDAQ:AMWD) last issued its 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). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The firm had revenue of $397.58 million during the quarter, compared to analyst estimates of $405.72 million.

Insider Activity at American Woodmark

In related news, Director James G. Davis sold 2,821 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $82.23, for a total value of $231,970.83. Following the completion of the sale, the director now directly owns 25,823 shares in the company, valued at $2,123,425.29. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 5,750 shares of company stock worth $474,548 in the last quarter. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMWD. Paradigm Capital Management Inc. NY bought a new position in shares of American Woodmark during the fourth quarter worth about $23,954,000. Franklin Resources Inc. raised its holdings in American Woodmark by 266.0% during the 4th quarter. Franklin Resources Inc. now owns 372,390 shares of the company’s stock worth $29,616,000 after purchasing an additional 270,644 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of American Woodmark by 1,570.6% in the 4th quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock worth $20,474,000 after purchasing an additional 242,030 shares during the period. Pzena Investment Management LLC boosted its position in American Woodmark by 59.1% during the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after acquiring an additional 179,644 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of American Woodmark during the 3rd quarter valued at about $15,967,000. 95.47% of the stock is 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.