American Woodmark (NASDAQ:AMWD) Sets New 12-Month Low – Here’s What Happened

Shares of American Woodmark Co. (NASDAQ:AMWD) reached a new 52-week low during trading on Tuesday . The stock traded as low as $72.93 and last traded at $75.68, with a volume of 25160 shares. The stock had previously closed at $75.65.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wolfe Research downgraded shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday. Robert W. Baird raised their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Loop Capital reduced their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, American Woodmark presently has a consensus rating of “Hold” and a consensus price target of $114.00.

American Woodmark Stock 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 $1.13 billion, a P/E ratio of 11.26 and a beta of 1.61. The firm has a 50 day moving average of $82.80 and a two-hundred day moving average of $89.54.

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

Insider Transactions at American Woodmark

In other news, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $80.79, for a total transaction of $100,987.50. Following the sale, the director now directly owns 24,573 shares in the company, valued at approximately $1,985,252.67. The trade was a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction that occurred on 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 directly owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. The trade was a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Woodmark

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in American Woodmark by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 85,616 shares of the company’s stock valued at $6,809,000 after purchasing an additional 2,858 shares during the last quarter. Rhumbline Advisers grew its position in American Woodmark by 2.0% during the 4th quarter. Rhumbline Advisers now owns 49,008 shares of the company’s stock worth $3,898,000 after acquiring an additional 941 shares during the last quarter. Empowered Funds LLC raised its position in American Woodmark by 5.1% in the 4th quarter. Empowered Funds LLC now owns 89,100 shares of the company’s stock valued at $7,086,000 after purchasing an additional 4,308 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in American Woodmark by 122.2% in the fourth quarter. Hantz Financial Services Inc. now owns 4,370 shares of the company’s stock worth $348,000 after purchasing an additional 2,403 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of American Woodmark during the fourth quarter worth $87,000. Institutional investors and hedge funds 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.