American Woodmark (NASDAQ:AMWD) Hits New 12-Month Low – Here’s Why

American Woodmark Corporation (NASDAQ:AMWD) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $33.29 and last traded at $34.4160, with a volume of 212396 shares. The stock had previously closed at $35.49.

Wall Street Analyst Weigh In

AMWD has been the subject of a number of research analyst reports. Wall Street Zen raised shares of American Woodmark to a “sell” rating in a research report on Saturday, April 11th. Zelman & Associates upgraded American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price target for the company in a report on Friday, February 27th. Robert W. Baird decreased their price target on American Woodmark from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Finally, Weiss Ratings cut American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.67.

American Woodmark Stock Performance

The company has a market capitalization of $498.88 million, a PE ratio of 29.52 and a beta of 1.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 2.37. The company has a 50 day moving average price of $40.55 and a 200 day moving average price of $51.10.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Thursday, February 26th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.11 by $0.34. The company had revenue of $324.30 million during the quarter, compared to analysts’ expectations of $358.14 million. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The business’s revenue was down 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 EPS.

Hedge Funds Weigh In On American Woodmark

Several large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new stake in American Woodmark in the third quarter worth $36,000. Advisory Services Network LLC acquired a new stake in American Woodmark in the third quarter worth $57,000. Canada Pension Plan Investment Board acquired a new stake in American Woodmark in the second quarter worth $64,000. Osaic Holdings Inc. increased its position in American Woodmark by 19.9% in the second quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock worth $115,000 after buying an additional 357 shares during the period. Finally, PenderFund Capital Management Ltd. acquired a new position in shares of American Woodmark during the third quarter valued at $120,000. 95.47% of the stock is currently owned by 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.