American Woodmark (NASDAQ:AMWD) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of American Woodmark (NASDAQ:AMWD - Free Report) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

A number of other analysts have also recently issued reports on the stock. Loop Capital reduced their price objective on shares of American Woodmark from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Wolfe Research cut shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 4th. Finally, Zelman & Associates reissued an "underperform" rating on shares of American Woodmark in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $101.00.

American Woodmark Stock Performance

Shares of NASDAQ AMWD traded down $0.44 during trading on Wednesday, hitting $56.74. The company had a trading volume of 91,025 shares, compared to its average volume of 170,826. The stock has a 50 day simple moving average of $58.43 and a 200 day simple moving average of $72.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. American Woodmark has a 12 month low of $52.20 and a 12 month high of $106.57. The firm has a market capitalization of $841.74 million, a P/E ratio of 8.48 and a beta of 1.34.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.27). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The firm had revenue of $397.58 million during the quarter, compared to analysts' expectations of $405.72 million.

Hedge Funds Weigh In On American Woodmark

Several institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC grew its stake in American Woodmark by 81.5% during the first quarter. Intech Investment Management LLC now owns 24,800 shares of the company's stock valued at $1,459,000 after acquiring an additional 11,136 shares in the last quarter. Jane Street Group LLC grew its stake in American Woodmark by 132.6% during the first quarter. Jane Street Group LLC now owns 50,827 shares of the company's stock valued at $2,990,000 after acquiring an additional 28,975 shares in the last quarter. Empowered Funds LLC grew its stake in American Woodmark by 2.0% during the first quarter. Empowered Funds LLC now owns 90,895 shares of the company's stock valued at $5,347,000 after acquiring an additional 1,795 shares in the last quarter. Millennium Management LLC grew its stake in American Woodmark by 277.0% during the first quarter. Millennium Management LLC now owns 200,657 shares of the company's stock valued at $11,805,000 after acquiring an additional 147,427 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in American Woodmark by 1.0% during the first quarter. Bridgeway Capital Management LLC now owns 174,295 shares of the company's stock valued at $10,254,000 after acquiring an additional 1,795 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.