American Woodmark (NASDAQ:AMWD) Reaches New 12-Month Low – What’s Next?

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

Analysts Set New Price Targets

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

American Woodmark Stock Performance

The firm’s 50-day moving average price is $58.56 and its 200-day moving average price is $60.48. 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 stock has a market cap of $702.13 million, a P/E ratio of 41.54 and a beta of 1.28.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.11 by $0.34. American Woodmark had a net margin of 1.15% and a return on equity of 6.15%. The business had revenue of $324.30 million during the quarter, compared to the consensus estimate of $358.14 million. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue was down 18.4% on a year-over-year basis.

Institutional Investors Weigh In On American Woodmark

Hedge funds have recently bought and sold shares of the business. Versor Investments LP bought a new stake in American Woodmark during the third quarter valued at about $3,430,000. Cooke & Bieler LP lifted its position in shares of American Woodmark by 3.7% during the third quarter. Cooke & Bieler LP now owns 930,460 shares of the company’s stock valued at $62,118,000 after buying an additional 32,832 shares during the last quarter. Credit Industriel ET Commercial bought a new stake in shares of American Woodmark in the 3rd quarter valued at about $2,670,000. New York Life Investment Management LLC bought a new stake in shares of American Woodmark in the 3rd quarter valued at about $2,952,000. Finally, Alpine Associates Management Inc. purchased a new position in shares of American Woodmark in the 3rd quarter worth approximately $13,981,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Company Profile

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.