American Woodmark (NASDAQ:AMWD) Reaches New 12-Month Low - Here's Why

American Woodmark Co. (NASDAQ:AMWD - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $72.00 and last traded at $74.89, with a volume of 26522 shares changing hands. The stock had previously closed at $76.69.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMWD. Wolfe Research cut American Woodmark from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 4th. Loop Capital dropped their target price on American Woodmark from $119.00 to $114.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. Finally, Robert W. Baird raised their target price on American Woodmark from $115.00 to $118.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $114.00.

American Woodmark Stock Down 3.5 %

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 fifty day moving average price of $79.05 and a two-hundred day moving average price of $87.71. The company has a market cap of $1.06 billion, a P/E ratio of 10.57 and a beta of 1.61.

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

Insider Buying and Selling

In related news, Director James G. Davis sold 1,679 shares of American Woodmark stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $84.33, for a total transaction of $141,590.07. Following the sale, the director now directly owns 28,644 shares in the company, valued at approximately $2,415,548.52. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the sale, the chief executive officer now owns 106,432 shares in the company, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,250 shares of company stock worth $789,898. 1.30% of the stock is owned by company insiders.

Institutional Trading of American Woodmark

Several hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of American Woodmark by 0.8% in the third quarter. Victory Capital Management Inc. now owns 15,410 shares of the company's stock valued at $1,440,000 after buying an additional 117 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of American Woodmark by 4.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company's stock valued at $285,000 after buying an additional 122 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of American Woodmark by 1.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company's stock valued at $1,227,000 after buying an additional 200 shares during the period. Glenmede Trust Co. NA raised its stake in shares of American Woodmark by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company's stock valued at $475,000 after buying an additional 222 shares during the period. Finally, CWM LLC raised its stake in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company's stock valued at $58,000 after buying an additional 225 shares during the period. 95.47% of the stock is currently owned by institutional investors.

About American Woodmark

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.