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

Shares of American Woodmark Co. (NASDAQ:AMWD) hit a new 52-week low during trading on Thursday . The stock traded as low as $53.99 and last traded at $54.49, with a volume of 31768 shares traded. The stock had previously closed at $60.64.

Wall Street Analyst Weigh In

AMWD has been the topic of a number of recent analyst reports. StockNews.com raised American Woodmark from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $114.00.

American Woodmark Stock Down 8.8 %

The firm’s fifty day moving average is $68.28 and its 200-day moving average is $81.98. The company has a market capitalization of $820.23 million, a P/E ratio of 8.27 and a beta of 1.31. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

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

Institutional Investors Weigh In On American Woodmark

A number of institutional investors have recently made changes to their positions in AMWD. Charles Schwab Investment Management Inc. raised its position in shares of American Woodmark by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 296,712 shares of the company’s stock worth $27,728,000 after acquiring an additional 4,118 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of American Woodmark by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock worth $475,000 after acquiring an additional 222 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of American Woodmark during the 3rd quarter worth approximately $748,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in American Woodmark in the third quarter worth about $158,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of American Woodmark in the 3rd quarter worth about $9,195,000. 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.