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

American Woodmark Co. (NASDAQ:AMWD)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $69.78 and last traded at $70.44, with a volume of 116399 shares trading hands. The stock had previously closed at $70.68.

Analysts Set New Price Targets

AMWD has been the subject of a number of research analyst reports. Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Robert W. Baird lifted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Loop Capital cut 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 note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $114.00.

American Woodmark Price Performance

The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 10.53 and a beta of 1.61. The stock has a fifty day simple moving average of $78.50 and a 200-day simple moving average of $87.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.36 earnings per share.

Insider Activity

In other American Woodmark 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 transaction of $100,987.50. Following the transaction, the director now owns 24,573 shares in the company, valued at approximately $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 of the company’s stock, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,250 shares of company stock worth $789,898 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

Large investors have recently added to or reduced their stakes in the stock. Quarry LP grew its position in shares of American Woodmark by 215.8% in the fourth quarter. Quarry LP now owns 379 shares of the company’s stock valued at $30,000 after purchasing an additional 259 shares during the period. Sterling Capital Management LLC increased its stake in American Woodmark by 842.0% during the 4th 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 purchased a new stake in American Woodmark during the 4th quarter worth approximately $43,000. GAMMA Investing LLC raised its holdings in shares of 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 last quarter. Finally, CWM LLC lifted its position in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after acquiring an additional 225 shares in the last quarter. 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.