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

American Woodmark Corporation (NASDAQ:AMWD) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $35.50 and last traded at $35.7010, with a volume of 61563 shares trading hands. The stock had previously closed at $36.49.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMWD. Robert W. Baird reduced their price target on shares of American Woodmark from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Wall Street Zen raised shares of American Woodmark to a “sell” rating in a report on Saturday, April 11th. Zelman & Associates raised shares of American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price objective for the company in a report on Friday, February 27th. Finally, Weiss Ratings downgraded shares of American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.67.

American Woodmark Stock Down 0.8%

The firm has a market cap of $527.64 million, a price-to-earnings ratio of 31.22 and a beta of 1.34. The firm’s fifty day moving average is $41.79 and its two-hundred day moving average is $52.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.37 and a quick ratio of 1.13.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.34. American Woodmark had a net margin of 1.15% and a return on equity of 6.15%. The business had revenue of $324.30 million during the quarter, compared to the consensus estimate of $358.14 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was down 18.4% compared to the same quarter last year.

Institutional Investors Weigh In On American Woodmark

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new stake in American Woodmark during the 3rd quarter worth about $36,000. Advisory Services Network LLC acquired a new stake in American Woodmark during the 3rd quarter worth about $57,000. Canada Pension Plan Investment Board acquired a new stake in American Woodmark during the 2nd quarter worth about $64,000. Osaic Holdings Inc. raised its holdings in American Woodmark by 19.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock worth $115,000 after buying an additional 357 shares during the period. Finally, PenderFund Capital Management Ltd. acquired a new stake in American Woodmark during the 3rd quarter worth about $120,000. 95.47% of the stock is currently owned by institutional investors.

About American Woodmark

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.