American Woodmark (NASDAQ:AMWD) Shares Gap Down – Time to Sell?

American Woodmark Corporation (NASDAQ:AMWD) shares gapped down before the market opened on Monday . The stock had previously closed at $56.37, but opened at $54.62. American Woodmark shares last traded at $54.8770, with a volume of 1,442 shares changing hands.

Analysts Set New Price Targets

AMWD has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, October 8th. Robert W. Baird dropped their price objective on American Woodmark from $67.00 to $57.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.50.

American Woodmark Price Performance

The firm has a 50-day simple moving average of $57.79 and a 200-day simple moving average of $59.32. The firm has a market capitalization of $798.28 million, a PE ratio of 12.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.15 and a quick ratio of 1.11.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.44). The business had revenue of $394.64 million during the quarter, compared to the consensus estimate of $410.62 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.American Woodmark’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the company earned $2.08 EPS.

Hedge Funds Weigh In On American Woodmark

Several institutional investors and hedge funds have recently bought and sold shares of AMWD. Federated Hermes Inc. bought a new position in shares of American Woodmark during the 3rd quarter valued at approximately $36,000. Advisory Services Network LLC purchased a new stake in shares of American Woodmark in the third quarter worth $57,000. GAMMA Investing LLC raised its position in shares of American Woodmark by 35.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,080 shares of the company’s stock valued at $58,000 after purchasing an additional 285 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of American Woodmark during the 2nd quarter valued at $64,000. Finally, CWM LLC boosted its holdings in American Woodmark by 116.0% in the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after buying an additional 696 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.