American Woodmark (NASDAQ:AMWD) Sets New 1-Year Low – Here’s Why

Shares of American Woodmark Co. (NASDAQ:AMWD) reached a new 52-week low on Wednesday . The company traded as low as $76.19 and last traded at $76.19, with a volume of 4378 shares trading hands. The stock had previously closed at $78.07.

Analyst Upgrades and Downgrades

AMWD has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price objective on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital reduced their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

American Woodmark Stock Down 1.3 %

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 company has a market cap of $1.16 billion, a P/E ratio of 11.51 and a beta of 1.61. The firm’s 50 day moving average price is $88.34 and its 200-day moving average price is $89.54.

American Woodmark (NASDAQ:AMWD) last issued 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). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The firm had revenue of $452.50 million for the quarter, compared to analysts’ expectations of $458.29 million. During the same period in the prior year, the firm posted $2.36 EPS. American Woodmark’s revenue was down 4.5% on a year-over-year basis.

Insiders Place Their Bets

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the business’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 sale, the chief executive officer now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James G. Davis sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the sale, the director now owns 24,573 shares of the company’s stock, valued at $1,985,252.67. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,750 shares of company stock worth $1,108,223 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Woodmark

Several institutional investors have recently added to or reduced their stakes in AMWD. Hsbc Holdings PLC lifted its stake in shares of American Woodmark by 195.0% in the 2nd quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock valued at $820,000 after purchasing an additional 6,912 shares during the period. Intech Investment Management LLC purchased a new stake in shares of American Woodmark in the 3rd quarter worth about $749,000. Barclays PLC increased its stake in shares of American Woodmark by 267.9% in the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock worth $2,927,000 after acquiring an additional 22,804 shares in the last quarter. Creative Planning purchased a new position in American Woodmark during the 3rd quarter valued at about $312,000. Finally, Franklin Resources Inc. boosted its stake in American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after acquiring an additional 72,600 shares in 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.