American Woodmark (NASDAQ:AMWD) Reaches New 52-Week Low - Should You Sell?

Shares of American Woodmark Co. (NASDAQ:AMWD - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $72.93 and last traded at $75.68, with a volume of 25160 shares traded. The stock had previously closed at $75.65.

Analyst Ratings Changes

AMWD has been the subject of several analyst reports. Wolfe Research cut shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a research note on Tuesday. Loop Capital decreased their price target on American Woodmark from $119.00 to $114.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Finally, Robert W. Baird raised their price objective on American Woodmark from $115.00 to $118.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, American Woodmark presently has a consensus rating of "Hold" and an average target price of $114.00.

American Woodmark Trading Down 1.7 %

The business has a 50-day simple moving average of $81.49 and a 200-day simple moving average of $89.17. The company has a market cap of $1.15 billion, a PE ratio of 11.40 and a beta of 1.61. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40.

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

Insider Buying and Selling

In other news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the transaction, the chief executive officer now owns 106,432 shares in the company, valued at approximately $9,589,523.20. This trade represents a 3.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James G. Davis sold 2,821 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $82.23, for a total transaction of $231,970.83. Following the sale, the director now owns 25,823 shares in the company, valued at $2,123,425.29. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,250 shares of company stock valued at $789,898 in the last ninety days. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On American Woodmark

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new position in shares of American Woodmark during the 3rd quarter worth about $749,000. Barclays PLC boosted its holdings in American Woodmark by 267.9% in the third quarter. Barclays PLC now owns 31,316 shares of the company's stock valued at $2,927,000 after purchasing an additional 22,804 shares in the last quarter. Creative Planning acquired a new stake in American Woodmark during the third quarter worth approximately $312,000. Franklin Resources Inc. raised its holdings in American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company's stock worth $9,572,000 after purchasing an additional 72,600 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of American Woodmark by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,463 shares of the company's stock valued at $4,342,000 after buying an additional 11,975 shares in the last quarter. Hedge funds and other 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.