American Woodmark (NASDAQ:AMWD) Hits New 1-Year Low - Here's What Happened

American Woodmark Co. (NASDAQ:AMWD - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $50.43 and last traded at $51.95, with a volume of 195070 shares changing hands. The stock had previously closed at $52.91.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMWD shares. Robert W. Baird dropped their price objective on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Wall Street Zen cut American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Loop Capital lowered their target price on American Woodmark from $75.00 to $72.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Zelman & Associates restated an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $83.33.

American Woodmark Stock Performance

The stock's 50-day moving average price is $57.36 and its 200 day moving average price is $67.66. The firm has a market cap of $770.68 million, a P/E ratio of 7.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.45 by $0.16. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The firm had revenue of $400.39 million for the quarter, compared to analysts' expectations of $427.39 million. During the same period in the previous year, the firm posted $1.70 EPS. The company's revenue for the quarter was down 11.7% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its holdings in shares of American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company's stock valued at $30,000 after buying an additional 259 shares during the last quarter. Sterling Capital Management LLC raised its position in American Woodmark by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock worth $37,000 after acquiring an additional 421 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in American Woodmark in the fourth quarter valued at $43,000. GAMMA Investing LLC lifted its stake in American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after acquiring an additional 197 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of American Woodmark in the 1st quarter valued at about $172,000. 95.47% of the stock is currently owned by 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.

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