American Woodmark Co. (NASDAQ:AMWD - Get Free Report) was down 4.7% on Monday after Loop Capital lowered their price target on the stock from $75.00 to $72.00. Loop Capital currently has a buy rating on the stock. American Woodmark traded as low as $53.80 and last traded at $53.72. Approximately 34,819 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 169,495 shares. The stock had previously closed at $56.37.
Other research analysts also recently issued reports about the company. Wolfe Research downgraded American Woodmark from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 4th. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a 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 for the company in a research report on Wednesday, May 28th. Finally, Zelman & Associates reiterated an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $83.33.
Check Out Our Latest Stock Report on American Woodmark
Institutional Trading of American Woodmark
A number of large investors have recently added to or reduced their stakes in AMWD. SummerHaven Investment Management LLC boosted its position in shares of American Woodmark by 1.9% during the 1st quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company's stock valued at $586,000 after acquiring an additional 185 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in American Woodmark by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock valued at $234,000 after purchasing an additional 193 shares in the last quarter. GAMMA Investing LLC lifted its position in American Woodmark by 32.9% during the first 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 last quarter. CANADA LIFE ASSURANCE Co lifted its position in American Woodmark by 1.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company's stock valued at $1,227,000 after purchasing an additional 200 shares during the last quarter. Finally, Quarry LP grew 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 in the last quarter. Institutional investors own 95.47% of the company's stock.
American Woodmark Stock Performance
The business's fifty day moving average price is $57.74 and its two-hundred day moving average price is $70.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The stock has a market capitalization of $828.39 million, a P/E ratio of 8.35 and a beta of 1.34.
American Woodmark (NASDAQ:AMWD - Get Free Report) last released 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 return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $400.39 million during the quarter, compared to analyst estimates of $427.39 million. During the same quarter last year, the business posted $1.70 earnings per share. The firm's revenue was down 11.7% on a year-over-year basis.
About American Woodmark
(
Get Free Report)
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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