American Woodmark (NASDAQ:AMWD) Sets New 1-Year Low – Time to Sell?

American Woodmark Co. (NASDAQ:AMWDGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $72.00 and last traded at $74.89, with a volume of 26522 shares trading hands. The stock had previously closed at $76.69.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Loop Capital decreased 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. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird increased their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Woodmark has a consensus rating of “Hold” and an average target price of $114.00.

Check Out Our Latest Stock Report on American Woodmark

American Woodmark Price Performance

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 stock has a market cap of $1.11 billion, a PE ratio of 11.06 and a beta of 1.61. The stock has a 50 day moving average of $79.72 and a two-hundred day moving average of $88.04.

American Woodmark (NASDAQ:AMWDGet Free Report) last announced 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 for 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%. American Woodmark’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $2.36 earnings per share.

Insider Activity

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction dated 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 approximately $9,589,523.20. This trade represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James G. Davis sold 1,250 shares of the firm’s 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 owns 24,573 shares of the company’s stock, valued at $1,985,252.67. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,250 shares of company stock worth $789,898. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Woodmark

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP lifted its stake in American Woodmark by 215.8% during the fourth quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after purchasing an additional 259 shares during the period. Sterling Capital Management LLC boosted its stake in American Woodmark by 842.0% in the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company’s stock valued at $37,000 after buying an additional 421 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in American Woodmark in the fourth quarter valued at $43,000. GAMMA Investing LLC raised its stake 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 acquiring an additional 377 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after acquiring an additional 225 shares during the period. Institutional investors own 95.47% of the company’s stock.

About American Woodmark

(Get Free Report)

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.

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