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

American Woodmark Co. (NASDAQ:AMWD)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $69.78 and last traded at $70.44, with a volume of 116399 shares traded. The stock had previously closed at $70.68.

Wall Street Analysts Forecast Growth

AMWD has been the subject of a number of research reports. Robert W. Baird upped their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Finally, Loop Capital lowered 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.00.

American Woodmark Stock Performance

The stock’s 50-day moving average is $78.06 and its 200 day moving average is $87.16. The stock has a market cap of $931.60 million, a price-to-earnings ratio of 9.25 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 quarterly earnings results on Thursday, February 27th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.27). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

Insider Buying and Selling at American Woodmark

In other news, Director James G. Davis sold 1,250 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the transaction, the director now owns 24,573 shares in the company, valued at $1,985,252.67. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $90.10, for a total transaction of $315,350.00. Following the sale, the chief executive officer now directly owns 106,432 shares in the company, 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 sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Woodmark

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP boosted its position in American Woodmark by 8.1% during the third quarter. Wellington Management Group LLP now owns 537,470 shares of the company’s stock worth $50,227,000 after purchasing an additional 40,378 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of American Woodmark by 1.2% during the 4th quarter. Pzena Investment Management LLC now owns 489,517 shares of the company’s stock worth $38,931,000 after buying an additional 5,955 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of American Woodmark by 266.0% in the 4th quarter. Franklin Resources Inc. now owns 372,390 shares of the company’s stock worth $29,616,000 after buying an additional 270,644 shares in the last quarter. Systematic Financial Management LP grew its stake in American Woodmark by 3.6% in the 4th quarter. Systematic Financial Management LP now owns 342,452 shares of the company’s stock valued at $27,235,000 after acquiring an additional 11,891 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in American Woodmark by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company’s stock valued at $24,223,000 after acquiring an additional 7,870 shares in the last quarter. Institutional investors and hedge funds 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.