American Woodmark (NASDAQ:AMWD) Sets New 52-Week Low - Here's What Happened

American Woodmark Corporation (NASDAQ:AMWD - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as $50.00 and last traded at $50.73, with a volume of 3302 shares changing hands. The stock had previously closed at $50.84.

Wall Street Analyst Weigh In

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

American Woodmark Stock Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.99 and a quick ratio of 1.02. The company has a fifty day moving average price of $56.52 and a 200 day moving average price of $66.11. The stock has a market cap of $752.17 million, a P/E ratio of 7.87 and a beta of 1.25.

American Woodmark (NASDAQ:AMWD - Get Free Report) last posted its 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 5.82% and a return on equity of 11.09%. The company had revenue of $400.39 million during the quarter, compared to the consensus estimate of $427.39 million. During the same period in the previous year, the firm posted $1.70 earnings per share. The firm's revenue for the quarter was down 11.7% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after buying an additional 259 shares during the last quarter. Sterling Capital Management LLC boosted its position in American Woodmark by 842.0% in the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock worth $37,000 after purchasing an additional 421 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in American Woodmark in the fourth quarter worth $43,000. GAMMA Investing LLC grew its stake in American Woodmark by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company's stock valued at $47,000 after purchasing an additional 197 shares during the period. Finally, State of Wyoming purchased a new stake in shares of American Woodmark during the 1st quarter valued at $172,000. 95.47% of the stock is currently 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.

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