American Woodmark (NASDAQ:AMWD) Hits New 1-Year Low - Here's What Happened

American Woodmark Co. (NASDAQ:AMWD - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $53.99 and last traded at $54.49, with a volume of 31768 shares changing hands. The stock had previously closed at $60.64.

Analyst Ratings Changes

AMWD has been the subject of a number of recent analyst reports. StockNews.com raised shares of American Woodmark from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th. Wolfe Research lowered shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $114.00.

American Woodmark Stock Performance

The company has a 50-day moving average of $66.75 and a 200-day moving average of $81.12. The firm has a market capitalization of $796.49 million, a price-to-earnings ratio of 8.03 and a beta of 1.31. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.27). The business had revenue of $397.58 million for the quarter, compared to the consensus estimate of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

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Institutional Investors Weigh In On American Woodmark

Several hedge funds and other institutional investors have recently bought and sold shares of AMWD. Quarry LP raised its holdings 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 purchasing an additional 259 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of American Woodmark by 842.0% during the 4th quarter. Sterling Capital Management LLC now owns 471 shares of the company's stock valued at $37,000 after acquiring an additional 421 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of American Woodmark during the 4th quarter worth $43,000. GAMMA Investing LLC grew its holdings in shares of American Woodmark by 170.6% in the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company's stock worth $48,000 after acquiring an additional 377 shares during the last quarter. Finally, KBC Group NV raised its position in shares of American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company's stock worth $68,000 after purchasing an additional 352 shares during the period. 95.47% of the stock is currently owned by 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.