American Woodmark (NASDAQ:AMWD) Shares Gap Down – What’s Next?

American Woodmark Co. (NASDAQ:AMWD) shares gapped down before the market opened on Tuesday . The stock had previously closed at $100.86, but opened at $94.49. American Woodmark shares last traded at $94.98, with a volume of 11,784 shares changing hands.

Wall Street Analysts Forecast Growth

AMWD has been the subject of a number of analyst reports. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, August 14th. Robert W. Baird upped their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Loop Capital decreased their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $107.50.

American Woodmark Stock Down 2.7 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. The stock’s fifty day simple moving average is $94.70 and its 200-day simple moving average is $90.36. The stock has a market cap of $1.38 billion, a P/E ratio of 13.21 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The company had revenue of $459.10 million for the quarter, compared to analyst estimates of $475.37 million. During the same quarter in the prior year, the firm earned $2.78 EPS. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year.

Insider Activity

In other news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the sale, the chief executive officer now owns 113,432 shares of the company’s stock, valued at approximately $10,514,012.08. The trade was a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of American Woodmark

Several large investors have recently added to or reduced their stakes in AMWD. CWM LLC grew its stake in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after purchasing an additional 225 shares in the last quarter. Innealta Capital LLC acquired a new position in American Woodmark during the 2nd quarter valued at about $66,000. Millburn Ridgefield Corp bought a new stake in shares of American Woodmark during the 3rd quarter worth about $80,000. Picton Mahoney Asset Management acquired a new stake in shares of American Woodmark in the 2nd quarter worth approximately $71,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after acquiring an additional 377 shares in the last quarter. 95.47% of the stock is currently 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.