StockNews.com downgraded shares of American Woodmark (NASDAQ:AMWD - Free Report) from a hold rating to a sell rating in a research note released on Monday.
Several other analysts also recently commented on AMWD. Loop Capital reduced their price objective on shares of American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a research report on Wednesday, November 27th. Robert W. Baird raised their price target on shares of American Woodmark from $115.00 to $118.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Finally, Wolfe Research lowered shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $114.00.
Check Out Our Latest Analysis on AMWD
American Woodmark Price Performance
NASDAQ:AMWD traded down $0.47 on Monday, hitting $59.82. The company had a trading volume of 15,958 shares, compared to its average volume of 157,907. The firm has a 50 day moving average of $76.05 and a two-hundred day moving average of $86.09. The stock has a market capitalization of $900.46 million, a price-to-earnings ratio of 8.94 and a beta of 1.61. American Woodmark has a 52 week low of $58.36 and a 52 week high of $106.57. 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 issued its quarterly earnings data on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.27). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $397.58 million for the quarter, compared to the consensus estimate of $405.72 million.
Insider Buying and Selling at American Woodmark
In other news, Director James G. Davis sold 2,821 shares of American Woodmark stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $82.23, for a total transaction of $231,970.83. Following the completion of the transaction, the director now directly owns 25,823 shares in the company, valued at $2,123,425.29. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 5,750 shares of company stock worth $474,548. 1.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On American Woodmark
A number of hedge funds have recently added to or reduced their stakes in AMWD. Quarry LP lifted its holdings in shares of American Woodmark by 215.8% in the fourth quarter. Quarry LP now owns 379 shares of the company's stock valued at $30,000 after purchasing an additional 259 shares in the last quarter. Sterling Capital Management LLC lifted its stake in 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of American Woodmark in the 4th quarter worth $43,000. GAMMA Investing LLC grew its stake 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 in the last quarter. Finally, KBC Group NV lifted 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 valued at $68,000 after purchasing an additional 352 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.
American Woodmark Company Profile
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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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