American Woodmark (NASDAQ:AMWD) Reaches New 1-Year Low - Here's Why

American Woodmark Corporation (NASDAQ:AMWD - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company 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 Ratings Changes

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

American Woodmark Stock Up 1.1%

The company's 50-day moving average is $56.89 and its 200 day moving average is $67.15. The stock has a market capitalization of $754.47 million, a PE ratio of 7.85 and a beta of 1.25. The company has a current ratio of 1.99, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.16. American Woodmark had a net margin of 5.82% and a return on equity of 11.09%. The business had revenue of $400.39 million for the quarter, compared to analyst estimates of $427.39 million. During the same quarter in the prior year, the business posted $1.70 EPS. American Woodmark's revenue for the quarter was down 11.7% compared to the same quarter last year.

Hedge Funds Weigh In On American Woodmark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMWD. Rhumbline Advisers increased its holdings in shares of American Woodmark by 2.0% in the fourth quarter. Rhumbline Advisers now owns 49,008 shares of the company's stock valued at $3,898,000 after purchasing an additional 941 shares during the period. Principal Financial Group Inc. increased its holdings in American Woodmark by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 85,616 shares of the company's stock worth $6,809,000 after buying an additional 2,858 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in American Woodmark by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company's stock worth $24,223,000 after buying an additional 7,870 shares during the period. Victory Capital Management Inc. raised its position in American Woodmark by 1,570.6% during the 4th quarter. Victory Capital Management Inc. now owns 257,440 shares of the company's stock worth $20,474,000 after buying an additional 242,030 shares during the last quarter. Finally, Amundi lifted its stake in American Woodmark by 175.2% during the 4th quarter. Amundi now owns 7,552 shares of the company's stock valued at $582,000 after acquiring an additional 4,808 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 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.