American Woodmark (NASDAQ:AMWD) Reaches New 1-Year Low – Here’s Why

American Woodmark Corporation (NASDAQ:AMWD)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $46.88 and last traded at $48.1040, with a volume of 48950 shares trading hands. The stock had previously closed at $50.01.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Robert W. Baird reduced their price target on American Woodmark from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. Finally, Zelman & Associates upgraded American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price target for the company in a research note on Friday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, American Woodmark has an average rating of “Hold” and an average target price of $60.33.

American Woodmark Stock Down 3.6%

The company has a debt-to-equity ratio of 0.40, a current ratio of 2.37 and a quick ratio of 1.13. The business’s fifty day moving average price is $58.56 and its two-hundred day moving average price is $60.48. The stock has a market capitalization of $702.13 million, a PE ratio of 41.54 and a beta of 1.28.

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

Institutional Investors Weigh In On American Woodmark

Large investors have recently bought and sold shares of the company. Federated Hermes Inc. acquired a new stake in American Woodmark during the 3rd quarter valued at approximately $36,000. Advisory Services Network LLC purchased a new position in shares of American Woodmark during the third quarter worth $57,000. Canada Pension Plan Investment Board purchased a new position in shares of American Woodmark during the second quarter worth $64,000. CWM LLC boosted its stake in shares of American Woodmark by 116.0% in the second quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after buying an additional 696 shares during the last quarter. Finally, EMC Capital Management acquired a new stake in shares of American Woodmark during the 2nd quarter worth approximately $109,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.