American Woodmark (NASDAQ:AMWD) Shares Gap Down – Time to Sell?

American Woodmark Corporation (NASDAQ:AMWD)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $68.78, but opened at $54.40. American Woodmark shares last traded at $59.3450, with a volume of 63,165 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMWD shares. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, January 21st. Robert W. Baird reiterated a “neutral” rating and set a $60.00 price target (up previously from $57.00) on shares of American Woodmark in a research note on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Woodmark presently has a consensus rating of “Hold” and a consensus target price of $66.00.

American Woodmark Trading Down 13.9%

The company has a current ratio of 2.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39. The firm has a market cap of $862.59 million, a price-to-earnings ratio of 14.02 and a beta of 1.27. The company has a fifty day moving average price of $58.64 and a 200-day moving average price of $60.73.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.44). American Woodmark had a net margin of 3.94% and a return on equity of 7.13%. The company had revenue of $394.64 million for the quarter, compared to analysts’ expectations of $410.62 million. During the same quarter in the prior year, the business posted $2.08 earnings per share. The firm’s revenue was down 12.8% compared to the same quarter last year.

Hedge Funds Weigh In On American Woodmark

Large investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in American Woodmark by 5.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,809 shares of the company’s stock worth $203,000 after buying an additional 206 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of American Woodmark by 0.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,422 shares of the company’s stock worth $2,744,000 after acquiring an additional 356 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of American Woodmark by 19.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock worth $115,000 after acquiring an additional 357 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of American Woodmark during the 3rd quarter valued at about $36,000. Finally, Mariner LLC increased its stake in shares of American Woodmark by 14.6% in the 3rd quarter. Mariner LLC now owns 4,375 shares of the company’s stock valued at $292,000 after purchasing an additional 558 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.