American Woodmark (NASDAQ:AMWD) Trading Down 5.6% - Should You Sell?

Key Points

• Shares fell 5.6% to about $41.84 on Monday on thin volume (21,650 vs. average 192,186), trading below the 50‑day ($43.27) and well under the 200‑day ($53.06) moving averages.
• Analysts are mixed — Zelman moved the stock to neutral with a $54 target, Robert W. Baird cut its target to $47, and Weiss/Wall Street Zen issued sell-oriented ratings, but the MarketBeat consensus remains Hold with a $57.67 price target.
• Latest quarter showed an EPS beat ($0.45 vs. $0.11 expected) while revenue missed at $324.3M and was down 18.4% year‑over‑year, leaving thin profitability (net margin 1.15%).

Shares of American Woodmark Corporation (NASDAQ:AMWD - Get Free Report) traded down 5.6% on Monday . The stock traded as low as $41.87 and last traded at $41.8390. 21,650 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 192,186 shares. The stock had previously closed at $44.34.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMWD shares. Zelman & Associates upgraded American Woodmark from an "underperform" rating to a "neutral" rating and set a $54.00 price objective for the company in a research report on Friday, February 27th. Wall Street Zen upgraded American Woodmark to a "sell" rating in a report on Saturday, April 11th. Robert W. Baird decreased their target price on shares of American Woodmark from $55.00 to $47.00 and set a "neutral" rating for the company in a research report on Tuesday, April 21st. Finally, Weiss Ratings lowered shares of American Woodmark from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $57.67.

American Woodmark Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 2.37. The stock has a fifty day simple moving average of $43.27 and a two-hundred day simple moving average of $53.06. The stock has a market capitalization of $586.30 million, a price-to-earnings ratio of 34.69 and a beta of 1.34.

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

Hedge Funds Weigh In On American Woodmark

A number of institutional investors and hedge funds have recently modified their holdings of AMWD. Federated Hermes Inc. bought a new stake in shares of American Woodmark in the 3rd quarter valued at $36,000. Advisory Services Network LLC bought a new position in American Woodmark during the third quarter worth $57,000. Canada Pension Plan Investment Board acquired a new stake in American Woodmark in the second quarter worth $64,000. PenderFund Capital Management Ltd. acquired a new stake in American Woodmark in the third quarter worth $120,000. Finally, Osaic Holdings Inc. increased its stake in American Woodmark by 19.9% in the second quarter. Osaic Holdings Inc. now owns 2,147 shares of the company's stock valued at $115,000 after purchasing an additional 357 shares in 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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