Shares of American Woodmark Co. (NASDAQ:AMWD - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $58.32 and last traded at $59.15, with a volume of 35937 shares traded. The stock had previously closed at $60.13.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Loop Capital decreased their price objective on shares of American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Wolfe Research lowered American Woodmark from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 4th. StockNews.com cut American Woodmark from a "hold" rating to a "sell" rating in a research report on Monday, March 3rd. Finally, Robert W. Baird upped their price objective on American Woodmark from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $114.00.
Read Our Latest Analysis on American Woodmark
American Woodmark Stock Down 0.8 %
The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The stock has a market capitalization of $859.98 million, a P/E ratio of 8.67 and a beta of 1.58. The stock's fifty day moving average is $73.59 and its two-hundred day moving average is $84.64.
American Woodmark (NASDAQ:AMWD - Get Free Report) last released its quarterly earnings data 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 company had revenue of $397.58 million for the quarter, compared to the consensus estimate of $405.72 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%.
Insider Buying and Selling
In other American Woodmark news, Director James G. Davis sold 1,679 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $84.33, for a total value of $141,590.07. Following the completion of the transaction, the director now directly owns 28,644 shares in the company, valued at $2,415,548.52. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 5,750 shares of company stock valued at $474,548. 1.30% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On American Woodmark
Large investors have recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in American Woodmark during the 3rd quarter worth approximately $749,000. Barclays PLC grew its holdings in shares of American Woodmark by 267.9% during the third quarter. Barclays PLC now owns 31,316 shares of the company's stock valued at $2,927,000 after buying an additional 22,804 shares in the last quarter. Franklin Resources Inc. raised its position in American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company's stock valued at $9,572,000 after buying an additional 72,600 shares during the period. JPMorgan Chase & Co. lifted its stake in American Woodmark by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,463 shares of the company's stock worth $4,342,000 after acquiring an additional 11,975 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its position in American Woodmark by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 101,100 shares of the company's stock worth $8,040,000 after acquiring an additional 6,500 shares during the period. 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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