American Woodmark (NASDAQ:AMWD) Sets New 1-Year Low – Should You Sell?

American Woodmark Co. (NASDAQ:AMWD)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $58.32 and last traded at $59.15, with a volume of 35937 shares changing hands. The stock had previously closed at $60.13.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMWD. StockNews.com lowered American Woodmark from a “hold” rating to a “sell” rating in a research report on Monday, March 3rd. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Loop Capital cut their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Finally, Robert W. Baird lifted their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $114.00.

American Woodmark Stock Down 0.8 %

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 firm has a 50 day simple moving average of $74.01 and a two-hundred day simple moving average of $84.83. The stock has a market cap of $859.98 million, a P/E ratio of 8.67 and a beta of 1.58.

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

Insider Transactions at American Woodmark

In other news, Director James G. Davis sold 2,821 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $82.23, for a total transaction of $231,970.83. Following the sale, the director now directly owns 25,823 shares of the company’s stock, valued at $2,123,425.29. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 5,750 shares of company stock valued at $474,548. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMWD. GSA Capital Partners LLP purchased a new position in shares of American Woodmark during the third quarter valued at $297,000. Victory Capital Management Inc. grew its stake in American Woodmark by 0.8% in the third quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock valued at $1,440,000 after purchasing an additional 117 shares in the last quarter. Empowered Funds LLC grew its stake in American Woodmark by 5.3% in the third quarter. Empowered Funds LLC now owns 84,792 shares of the company’s stock valued at $7,924,000 after purchasing an additional 4,288 shares in the last quarter. Pzena Investment Management LLC grew its stake in American Woodmark by 59.1% in the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after purchasing an additional 179,644 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in American Woodmark in the third quarter valued at about $749,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About American Woodmark

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.