American Woodmark (NASDAQ:AMWD) Reaches New 1-Year Low - Should You Sell?

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

Analyst Ratings Changes

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

American Woodmark Stock Performance

The stock has a market cap of $771.26 million, a PE ratio of 8.21 and a beta of 1.25. The stock has a fifty day moving average of $56.34 and a 200-day moving average of $65.48. The company has a quick ratio of 1.02, a current ratio of 1.99 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its 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 return on equity of 11.09% and a net margin of 5.82%. 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 previous year, the company posted $1.70 earnings per share. The company's revenue for the quarter was down 11.7% compared to the same quarter last year.

Institutional Trading of American Woodmark

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP raised its holdings in American Woodmark by 215.8% during the fourth quarter. Quarry LP now owns 379 shares of the company's stock worth $30,000 after purchasing an additional 259 shares in the last quarter. Sterling Capital Management LLC increased its position in American Woodmark by 842.0% during the 4th 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 period. Public Employees Retirement System of Ohio purchased a new position in shares of American Woodmark during the 4th quarter worth approximately $43,000. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 197 shares during the period. Finally, State of Wyoming purchased a new stake in shares of American Woodmark in the first quarter valued at approximately $172,000. 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.