American Woodmark (NASDAQ:AMWD) Hits New 1-Year Low – Should You Sell?

Shares of American Woodmark Corporation (NASDAQ:AMWD) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $33.29 and last traded at $34.4160, with a volume of 212396 shares trading hands. The stock had previously closed at $35.49.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of American Woodmark from $55.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings lowered American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 13th. Wall Street Zen raised American Woodmark to a “sell” rating in a report on Saturday, April 11th. Finally, Zelman & Associates upgraded American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research report on Friday, February 27th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $57.67.

American Woodmark Trading Up 7.2%

The stock has a market cap of $559.93 million, a P/E ratio of 33.13 and a beta of 1.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 2.37. The firm’s fifty day simple moving average is $40.16 and its 200-day simple moving average is $50.51.

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

Hedge Funds Weigh In On American Woodmark

A number of hedge funds and other institutional investors have recently modified their holdings of AMWD. Pzena Investment Management LLC raised its holdings in shares of American Woodmark by 42.9% in the 1st quarter. Pzena Investment Management LLC now owns 1,643,562 shares of the company’s stock worth $65,463,000 after purchasing an additional 493,348 shares during the period. Cooke & Bieler LP grew its holdings in 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 purchasing an additional 32,832 shares during the period. State Street Corp increased its position in American Woodmark by 0.6% in the fourth quarter. State Street Corp now owns 562,988 shares of the company’s stock worth $30,345,000 after buying an additional 3,540 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of American Woodmark by 8,028.2% in the fourth quarter. Franklin Resources Inc. now owns 408,932 shares of the company’s stock valued at $22,041,000 after buying an additional 403,901 shares during the period. Finally, Citigroup Inc. raised its stake in shares of American Woodmark by 2,117.7% in the third quarter. Citigroup Inc. now owns 400,343 shares of the company’s stock valued at $26,727,000 after buying an additional 382,291 shares during the period. 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.