American Woodmark (NASDAQ:AMWD) Reaches New 1-Year Low - Here's Why

Shares of American Woodmark Co. (NASDAQ:AMWD - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $73.24 and last traded at $76.25, with a volume of 137446 shares trading hands. The stock had previously closed at $74.26.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMWD. Robert W. Baird upped their price objective on American Woodmark from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Loop Capital lowered their price objective on shares of American Woodmark from $119.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, American Woodmark has a consensus rating of "Moderate Buy" and an average target price of $114.00.

American Woodmark Price Performance

The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $87.67 and a 200-day moving average of $89.66. The firm has a market capitalization of $1.16 billion, a P/E ratio of 11.50 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $452.50 million during the quarter, compared to the consensus estimate of $458.29 million. During the same period in the previous year, the firm posted $2.36 EPS. The company's revenue was down 4.5% compared to the same quarter last year.

Insider Activity at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total transaction of $315,350.00. Following the completion of the transaction, the chief executive officer now owns 106,432 shares of the company's stock, valued at approximately $9,589,523.20. The trade was a 3.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James G. Davis sold 1,679 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $84.33, for a total value of $141,590.07. Following the sale, the director now owns 28,644 shares of the company's stock, valued at approximately $2,415,548.52. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,750 shares of company stock worth $1,108,223. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in American Woodmark by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company's stock worth $95,149,000 after purchasing an additional 7,496 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of American Woodmark by 18.2% during the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company's stock worth $66,275,000 after buying an additional 129,692 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of American Woodmark by 8.1% during the third quarter. Wellington Management Group LLP now owns 537,470 shares of the company's stock worth $50,227,000 after buying an additional 40,378 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of American Woodmark by 59.1% in the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company's stock valued at $45,189,000 after acquiring an additional 179,644 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in shares of American Woodmark by 10.2% during the 3rd quarter. Systematic Financial Management LP now owns 330,561 shares of the company's stock valued at $30,891,000 after acquiring an additional 30,493 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

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.