American Woodmark (NASDAQ:AMWD) Sets New 1-Year Low - Time to Sell?

Key Points

• 52-week low: American Woodmark hit a new 52-week low, trading as low as $38.22 and last at $38.90 (down ~1.9%) while trading below its 50- and 200-day moving averages.
• Mixed quarterly results: The company beat EPS expectations ($0.45 vs. $0.11) but revenue fell 18.4% year-over-year to $324.3 million, missing the $358.14 million consensus and leaving net margin at about 1.15%.
• Analyst sentiment is mixed with a consensus "Hold" and an average price target of $60.33; notable moves include Robert W. Baird cutting its target to $55 and Weiss Ratings downgrading the stock to "Sell."

American Woodmark Corporation (NASDAQ:AMWD - Get Free Report)'s share price reached a new 52-week low on Wednesday . The company traded as low as $38.22 and last traded at $38.90, with a volume of 39583 shares changing hands. The stock had previously closed at $40.02.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Robert W. Baird dropped their target price on American Woodmark from $60.00 to $55.00 and set a "neutral" rating on the stock in a research report on Friday, February 27th. Zelman & Associates upgraded American Woodmark from an "underperform" rating to a "neutral" rating and set a $54.00 price target for the company in a research report on Friday, February 27th. Finally, Weiss Ratings lowered American Woodmark from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $60.33.

American Woodmark Stock Down 1.9%

The company has a 50 day moving average of $55.88 and a 200-day moving average of $58.74. 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 company has a market cap of $572.00 million, a P/E ratio of 33.81 and a beta of 1.28.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.34. The firm had revenue of $324.30 million for the quarter, compared to analysts' expectations of $358.14 million. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The company's revenue was down 18.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS.

Institutional Investors Weigh In On American Woodmark

Several hedge funds have recently bought and sold shares of AMWD. Pzena Investment Management LLC increased its holdings in shares of American Woodmark by 0.4% in the 3rd quarter. Pzena Investment Management LLC now owns 1,152,739 shares of the company's stock worth $76,957,000 after buying an additional 4,408 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of American Woodmark by 3.7% during the 3rd quarter. Cooke & Bieler LP now owns 930,460 shares of the company's stock worth $62,118,000 after acquiring an additional 32,832 shares during the last quarter. State Street Corp grew 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 acquiring an additional 3,540 shares in the last quarter. Franklin Resources Inc. grew its position in American Woodmark by 8,028.2% in the fourth quarter. Franklin Resources Inc. now owns 408,932 shares of the company's stock worth $22,041,000 after acquiring an additional 403,901 shares in the last quarter. Finally, Citigroup Inc. increased its stake in 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 acquiring an additional 382,291 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.

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