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

American Woodmark Co. (NASDAQ:AMWD)’s stock price hit a new 52-week low during trading on Tuesday . The stock 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.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMWD shares. Robert W. Baird raised their target price on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital cut their price objective on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.00.

American Woodmark Trading Up 2.7 %

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 firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.40 and a beta of 1.61. The firm’s 50-day moving average is $87.67 and its 200 day moving average is $89.66.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). The business had revenue of $452.50 million for the quarter, compared to analyst estimates of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. American Woodmark’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.36 EPS.

Insider Activity

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the sale, the chief executive officer now owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. This represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James G. Davis sold 1,679 shares of American Woodmark stock in a transaction dated Wednesday, December 18th. The stock was 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 of the company’s stock, valued at approximately $2,415,548.52. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,750 shares of company stock valued at $1,108,223. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On American Woodmark

Large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its position in shares of American Woodmark by 195.0% during the 2nd quarter. Hsbc Holdings PLC now owns 10,457 shares of the company’s stock worth $820,000 after buying an additional 6,912 shares during the period. Intech Investment Management LLC bought a new position in shares of American Woodmark in the 3rd quarter worth $749,000. Barclays PLC lifted its position in American Woodmark by 267.9% in the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock valued at $2,927,000 after acquiring an additional 22,804 shares in the last quarter. Creative Planning bought a new position in American Woodmark during the 3rd quarter valued at $312,000. Finally, Franklin Resources Inc. grew its position in American Woodmark by 249.1% in the 3rd 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. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.