American Woodmark (NASDAQ:AMWD) Reaches New 12-Month Low – Should You Sell?

Shares of American Woodmark Co. (NASDAQ:AMWD) hit a new 52-week low on Monday . The stock traded as low as $60.44 and last traded at $60.67, with a volume of 229893 shares trading hands. The stock had previously closed at $62.08.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMWD shares. StockNews.com lowered American Woodmark from a “hold” rating to a “sell” rating in a report on Monday. Robert W. Baird lifted their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Wolfe Research lowered shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Finally, Loop Capital reduced their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $114.00.

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 $913.33 million, a PE ratio of 9.07 and a beta of 1.61. The stock has a 50 day moving average of $76.91 and a two-hundred day moving average of $86.52.

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

Insider Activity

In other news, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction on Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the transaction, the director now owns 24,573 shares in the company, valued at approximately $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 5,750 shares of company stock worth $474,548 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in shares of American Woodmark by 0.8% during the third quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock worth $1,440,000 after purchasing an additional 117 shares during the period. Y Intercept Hong Kong Ltd lifted its position in American Woodmark by 4.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after buying an additional 122 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of American Woodmark by 1.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company’s stock valued at $1,227,000 after buying an additional 200 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of American Woodmark by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock valued at $475,000 after acquiring an additional 222 shares in the last quarter. Finally, Quarry LP increased its stake in shares of American Woodmark by 215.8% in the fourth quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after acquiring an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.