American Axle & Manufacturing (NYSE:AXL) Reaches New 12-Month Low - What's Next?

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $4.80 and last traded at $4.95, with a volume of 3888028 shares trading hands. The stock had previously closed at $5.23.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price objective on shares of American Axle & Manufacturing from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, American Axle & Manufacturing currently has a consensus rating of "Hold" and an average target price of $7.30.

American Axle & Manufacturing Trading Down 5.4 %

The firm has a market cap of $581.43 million, a PE ratio of 20.60 and a beta of 1.94. The company's fifty day moving average price is $6.08 and its two-hundred day moving average price is $6.23. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 4.28.

American Axle & Manufacturing (NYSE:AXL - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The auto parts company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.25. American Axle & Manufacturing had a return on equity of 9.63% and a net margin of 0.48%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company posted ($0.11) earnings per share. American Axle & Manufacturing's quarterly revenue was down 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that American Axle & Manufacturing Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Axle & Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. KBC Group NV boosted its position in shares of American Axle & Manufacturing by 81.3% in the 3rd quarter. KBC Group NV now owns 7,160 shares of the auto parts company's stock worth $44,000 after buying an additional 3,211 shares in the last quarter. XTX Topco Ltd purchased a new position in American Axle & Manufacturing during the third quarter worth approximately $62,000. Zacks Investment Management acquired a new position in American Axle & Manufacturing in the third quarter valued at $70,000. Quarry LP grew its stake in American Axle & Manufacturing by 51.9% during the third quarter. Quarry LP now owns 11,997 shares of the auto parts company's stock worth $74,000 after buying an additional 4,098 shares during the period. Finally, Paloma Partners Management Co purchased a new position in American Axle & Manufacturing in the third quarter valued at about $80,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.

American Axle & Manufacturing Company Profile

American Axle & Manufacturing Holdings, Inc engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the Driveline and Metal Forming segments. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles.

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