American Woodmark (NASDAQ:AMWD) Hits New 12-Month Low – Time to Sell?

American Woodmark Co. (NASDAQ:AMWD) reached a new 52-week low during trading on Thursday . The stock traded as low as $53.99 and last traded at $54.49, with a volume of 31768 shares trading hands. The stock had previously closed at $60.64.

Wall Street Analysts Forecast Growth

AMWD has been the subject of a number of recent research reports. Wolfe Research downgraded shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. StockNews.com raised American Woodmark from a “sell” rating to a “hold” rating in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, American Woodmark presently has an average rating of “Hold” and an average target price of $114.00.

American Woodmark Trading Up 3.3 %

The stock has a market cap of $851.53 million, a PE ratio of 8.58 and a beta of 1.31. The company’s 50-day moving average price is $67.28 and its 200 day moving average price is $81.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMWD. Quarry LP lifted its holdings in shares of American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after acquiring an additional 259 shares during the last quarter. Sterling Capital Management LLC increased its holdings in American Woodmark by 842.0% in the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company’s stock valued at $37,000 after purchasing an additional 421 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in American Woodmark in the fourth quarter valued at approximately $43,000. GAMMA Investing LLC lifted its stake in American Woodmark by 170.6% during the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after purchasing an additional 377 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after buying an additional 352 shares during the period. 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.