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

American Woodmark Corporation (NASDAQ:AMWD)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $56.37, but opened at $54.62. American Woodmark shares last traded at $54.8770, with a volume of 1,442 shares.

Analysts Set New Price Targets

A number of brokerages have commented on AMWD. Robert W. Baird decreased their price objective on American Woodmark from $67.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $64.50.

American Woodmark Price Performance

The company’s 50-day moving average is $57.35 and its 200-day moving average is $59.32. The firm has a market cap of $800.04 million, a price-to-earnings ratio of 13.01 and a beta of 1.28. The company has a current ratio of 2.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39.

American Woodmark (NASDAQ:AMWD) last released its 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 return on equity of 7.13% and a net margin of 3.94%.The business had revenue of $394.64 million for the quarter, compared to the consensus estimate of $410.62 million. During the same quarter in the previous year, the company earned $2.08 earnings per share. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMWD. Federated Hermes Inc. acquired a new stake in shares of American Woodmark in the 3rd quarter valued at approximately $36,000. Advisory Services Network LLC acquired a new stake in American Woodmark in the third quarter valued at approximately $57,000. GAMMA Investing LLC grew its stake in shares of American Woodmark by 35.8% during the second quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock worth $58,000 after buying an additional 285 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of American Woodmark during the second quarter worth $64,000. Finally, CWM LLC lifted its stake in shares of American Woodmark by 116.0% in the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock valued at $69,000 after acquiring an additional 696 shares during the last quarter. Institutional investors and hedge funds 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.