American Woodmark (NASDAQ:AMWD) Reaches New 1-Year Low – What’s Next?

American Woodmark Co. (NASDAQ:AMWD)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $73.24 and last traded at $76.25, with a volume of 137446 shares. The stock had previously closed at $74.26.

Wall Street Analysts Forecast Growth

AMWD has been the subject of a number of research analyst reports. Loop Capital reduced their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Robert W. Baird boosted their target price on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.00.

American Woodmark Stock Performance

The stock has a 50 day moving average price of $86.95 and a two-hundred day moving average price of $89.59. The company has a market cap of $1.20 billion, a P/E ratio of 11.96 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) last released its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.29). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $452.50 million for the quarter, compared to analyst estimates of $458.29 million. During the same period last year, the company posted $2.36 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year.

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’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 sale, the chief executive officer now owns 106,432 shares of the company’s stock, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James G. Davis sold 1,679 shares of the company’s 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. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,750 shares of company stock valued at $1,108,223. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in American Woodmark by 170.6% during the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock valued at $48,000 after purchasing an additional 377 shares during the period. CWM LLC increased its position in shares of American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after buying an additional 225 shares during the period. Millburn Ridgefield Corp bought a new position in American Woodmark during the third quarter worth $80,000. DekaBank Deutsche Girozentrale lifted its holdings in American Woodmark by 56.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock valued at $114,000 after buying an additional 527 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in American Woodmark during the third quarter valued at $158,000. Institutional investors 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.