American Woodmark (NASDAQ:AMWD) Reaches New 1-Year Low – Time to Sell?

Shares of American Woodmark Co. (NASDAQ:AMWD) reached a new 52-week low on Tuesday . The stock traded as low as $73.24 and last traded at $76.25, with a volume of 137446 shares traded. The stock had previously closed at $74.26.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMWD. 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, November 27th. Loop Capital decreased their price objective 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Woodmark has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

American Woodmark Price Performance

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 stock has a market cap of $1.15 billion, a PE ratio of 11.40 and a beta of 1.61. The business has a 50-day moving average price of $87.67 and a 200 day moving average price of $89.66.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.29). The business had revenue of $452.50 million for the quarter, compared to analysts’ expectations of $458.29 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. American Woodmark’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $2.36 earnings per share.

Insider Buying and Selling

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the transaction, the chief executive officer now owns 106,432 shares in the company, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James G. Davis sold 1,679 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $84.33, for a total value of $141,590.07. Following the sale, the director now owns 28,644 shares in the company, valued at approximately $2,415,548.52. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,750 shares of company stock valued at $1,108,223. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

Several hedge funds have recently bought and sold shares of AMWD. GAMMA Investing LLC boosted its holdings in American Woodmark by 170.6% in the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after purchasing an additional 377 shares during the period. CWM LLC boosted its stake in American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after buying an additional 225 shares during the period. Millburn Ridgefield Corp purchased a new position in American Woodmark during the third quarter worth about $80,000. DekaBank Deutsche Girozentrale increased its stake in American Woodmark by 56.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock worth $114,000 after acquiring an additional 527 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in American Woodmark in the 3rd quarter worth about $158,000. 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.