American Woodmark (NASDAQ:AMWD) Rating Lowered to “Sell” at StockNews.com

American Woodmark (NASDAQ:AMWD) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

A number of other analysts have also recently commented on the stock. Robert W. Baird upped their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating 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. Finally, Loop Capital dropped their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, American Woodmark has a consensus rating of “Hold” and an average price target of $114.00.

American Woodmark Trading Down 2.3 %

Shares of AMWD traded down $1.41 on Monday, reaching $60.67. 229,893 shares of the company’s stock were exchanged, compared to its average volume of 158,472. American Woodmark has a 12 month low of $60.36 and a 12 month high of $106.57. The stock has a market capitalization of $913.33 million, a P/E ratio of 9.07 and a beta of 1.61. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $77.31 and a two-hundred day moving average price of $86.76.

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

Insiders Place Their Bets

In related news, Director James G. Davis sold 1,679 shares of American Woodmark stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $84.33, for a total value of $141,590.07. Following the sale, the director now owns 28,644 shares of the company’s stock, valued at approximately $2,415,548.52. This trade represents a 5.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 5,750 shares of company stock worth $474,548. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of American Woodmark by 8.1% in the third quarter. Wellington Management Group LLP now owns 537,470 shares of the company’s stock worth $50,227,000 after purchasing an additional 40,378 shares in the last quarter. Pzena Investment Management LLC lifted its position in American Woodmark by 1.2% during the 4th quarter. Pzena Investment Management LLC now owns 489,517 shares of the company’s stock worth $38,931,000 after buying an additional 5,955 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of 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 buying an additional 270,644 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of American Woodmark by 3.6% in the 4th quarter. Systematic Financial Management LP now owns 342,452 shares of the company’s stock valued at $27,235,000 after acquiring an additional 11,891 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of American Woodmark by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company’s stock valued at $24,223,000 after acquiring an additional 7,870 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.