American Woodmark (NASDAQ:AMWD) Shares Gap Down – Time to Sell?

American Woodmark Corporation (NASDAQ:AMWD) shares gapped down before the market opened on Monday . The stock had previously closed at $59.90, but opened at $57.81. American Woodmark shares last traded at $59.2910, with a volume of 15,930 shares changing hands.

Wall Street Analysts Forecast Growth

AMWD has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, October 8th. Robert W. Baird reiterated a “neutral” rating and set a $60.00 price objective (up previously from $57.00) on shares of American Woodmark in a report on Monday. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $66.00.

American Woodmark Trading Up 1.8%

The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average is $54.83 and its two-hundred day moving average is $59.54. The company has a market capitalization of $888.42 million, a PE ratio of 14.45 and a beta of 1.27.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.44). The business had revenue of $394.64 million during the quarter, compared to analysts’ expectations of $410.62 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.American Woodmark’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.08 EPS.

Institutional Investors Weigh In On American Woodmark

Hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. purchased a new position in American Woodmark in the third quarter valued at about $36,000. Advisory Services Network LLC purchased a new position in shares of American Woodmark in the 3rd quarter worth approximately $57,000. GAMMA Investing LLC raised its stake in shares of American Woodmark by 35.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock worth $58,000 after acquiring an additional 285 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of American Woodmark during the 2nd quarter worth approximately $64,000. Finally, CWM LLC lifted its position in American Woodmark by 116.0% during the second quarter. CWM LLC now owns 1,296 shares of the company’s stock valued at $69,000 after acquiring an additional 696 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

About American Woodmark

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.