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

American Woodmark Co. (NASDAQ:AMWD)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $76.19 and last traded at $76.19, with a volume of 4378 shares changing hands. The stock had previously closed at $78.07.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Loop Capital cut their target price on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Robert W. Baird raised their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.00.

American Woodmark Stock Performance

The business’s fifty day moving average price is $89.20 and its 200-day moving average price is $89.73. The stock has a market capitalization of $1.15 billion, a PE ratio of 11.43 and a beta of 1.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

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

Insider Buying and Selling

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the sale, the chief executive officer now directly owns 109,932 shares in the company, valued at $9,998,315.40. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James G. Davis sold 1,250 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the completion of the transaction, the director now directly owns 24,573 shares in the company, 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 sold a total of 12,750 shares of company stock worth $1,108,223 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Woodmark

Several hedge funds have recently added to or reduced their stakes in AMWD. GAMMA Investing LLC lifted its position in American Woodmark by 170.6% in the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after buying an additional 377 shares during the last quarter. CWM LLC lifted its holdings in shares of American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of American Woodmark in the 3rd quarter valued at $80,000. DekaBank Deutsche Girozentrale grew its holdings in shares of American Woodmark by 56.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock valued at $114,000 after purchasing an additional 527 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in American Woodmark in the 3rd quarter worth $158,000. 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.