American Woodmark (NASDAQ:AMWD) Sets New 12-Month Low – Should You Sell?

American Woodmark Co. (NASDAQ:AMWD)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $72.00 and last traded at $74.89, with a volume of 26522 shares trading hands. The stock had previously closed at $76.69.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Loop Capital reduced their price target 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. Wolfe Research cut shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird lifted their price target on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.00.

American Woodmark Stock Performance

The company has a market cap of $1.06 billion, a PE ratio of 10.57 and a beta of 1.61. 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 business’s 50 day moving average is $79.05 and its two-hundred day moving average is $87.71.

American Woodmark (NASDAQ:AMWD) last announced 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 business had revenue of $452.50 million during the quarter, compared to analysts’ expectations of $458.29 million. During the same quarter in the previous year, the firm earned $2.36 earnings per share. American Woodmark’s revenue was down 4.5% on a year-over-year basis.

Insider Transactions at American Woodmark

In other news, Director James G. Davis sold 1,679 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $84.33, for a total transaction of $141,590.07. Following the sale, the director now directly owns 28,644 shares in the company, valued at approximately $2,415,548.52. This represents a 5.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark 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 transaction, the chief executive officer now owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. This represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Woodmark

Several institutional investors have recently modified their holdings of the stock. Quarry LP increased its position in shares of American Woodmark by 215.8% during the 4th quarter. Quarry LP now owns 379 shares of the company’s stock valued at $30,000 after purchasing an additional 259 shares during the last quarter. Sterling Capital Management LLC increased its position in American Woodmark by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company’s stock valued at $37,000 after acquiring an additional 421 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in American Woodmark during the fourth quarter valued at $43,000. GAMMA Investing LLC raised its stake in shares of American Woodmark by 170.6% in the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after acquiring an additional 377 shares during the period. Finally, 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. 95.47% of the stock is owned by institutional investors.

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.