American Woodmark (NASDAQ:AMWD) Cut to “Sell” at StockNews.com

StockNews.com cut shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a sell rating in a research note released on Tuesday morning.

A number of other equities analysts have also commented on AMWD. Zelman & Associates reissued an “underperform” rating on shares of American Woodmark in a research report on Monday, April 14th. Wolfe Research lowered shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $114.00.

American Woodmark Stock Up 2.8 %

Shares of AMWD stock opened at $57.67 on Tuesday. The stock’s 50 day simple moving average is $60.44 and its 200 day simple moving average is $77.61. American Woodmark has a twelve month low of $52.20 and a twelve month high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The company has a market capitalization of $855.53 million, a price-to-earnings ratio of 8.62 and a beta of 1.31.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The firm had revenue of $397.58 million during the quarter, compared to analyst estimates of $405.72 million.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Paradigm Capital Management Inc. NY acquired a new position in shares of American Woodmark in the 4th quarter valued at $23,954,000. Franklin Resources Inc. increased its stake in American Woodmark by 266.0% in the fourth quarter. Franklin Resources Inc. now owns 372,390 shares of the company’s stock valued at $29,616,000 after acquiring an additional 270,644 shares during the period. Victory Capital Management Inc. raised its position in American Woodmark by 1,570.6% in the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock worth $20,474,000 after purchasing an additional 242,030 shares in the last quarter. Atlas FRM LLC bought a new position in American Woodmark during the fourth quarter worth about $9,066,000. Finally, Norges Bank acquired a new stake in American Woodmark during the fourth quarter valued at approximately $5,675,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.