American Woodmark (NASDAQ:AMWD) Shares Down 4% – Here’s Why

Shares of American Woodmark Co. (NASDAQ:AMWD) fell 4% on Monday . The stock traded as low as $50.80 and last traded at $50.77. 31,873 shares traded hands during trading, a decline of 81% from the average session volume of 168,864 shares. The stock had previously closed at $52.91.

Analyst Ratings Changes

Several brokerages have weighed in on AMWD. Zelman & Associates reissued an “underperform” rating on shares of American Woodmark in a report on Monday, April 14th. Wall Street Zen cut shares of American Woodmark from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Robert W. Baird cut their price target on shares of American Woodmark from $75.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Finally, Loop Capital lowered their price objective on shares of American Woodmark from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has given 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 price target of $83.33.

American Woodmark Stock Down 1.8%

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’s 50-day simple moving average is $57.40 and its 200-day simple moving average is $67.93. The company has a market capitalization of $770.68 million, a PE ratio of 7.77 and a beta of 1.25.

American Woodmark (NASDAQ:AMWD) last issued its earnings results on Thursday, May 29th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.16. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The firm had revenue of $400.39 million during the quarter, compared to analysts’ expectations of $427.39 million. During the same quarter last year, the company posted $1.70 earnings per share. The firm’s revenue was down 11.7% compared to the same quarter last year.

Institutional Trading of American Woodmark

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP boosted 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 in 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 valued at $37,000 after buying an additional 421 shares during the period. Public Employees Retirement System of Ohio purchased a new position in American Woodmark in the fourth quarter valued at $43,000. GAMMA Investing LLC raised its position in shares of American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock worth $47,000 after acquiring an additional 197 shares during the period. Finally, State of Wyoming purchased a new stake in shares of American Woodmark during the 1st quarter worth about $172,000. 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.