American Woodmark (NASDAQ:AMWD) Sets New 52-Week Low – What’s Next?

Shares of American Woodmark Corporation (NASDAQ:AMWD) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $38.22 and last traded at $38.90, with a volume of 39583 shares. The stock had previously closed at $40.02.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMWD. Weiss Ratings lowered American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Robert W. Baird dropped their target price on American Woodmark from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Finally, Zelman & Associates raised American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 target price for the company in a research note on Friday, February 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Woodmark currently has a consensus rating of “Hold” and a consensus target price of $60.33.

American Woodmark Price Performance

The firm’s 50 day simple moving average is $55.88 and its two-hundred day simple moving average is $58.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.37 and a quick ratio of 1.13. The firm has a market capitalization of $572.00 million, a P/E ratio of 33.81 and a beta of 1.28.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.34. The firm had revenue of $324.30 million for the quarter, compared to analysts’ expectations of $358.14 million. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.The company’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share.

Hedge Funds Weigh In On American Woodmark

A number of large investors have recently bought and sold shares of AMWD. Federated Hermes Inc. bought a new stake in American Woodmark in the third quarter valued at approximately $36,000. Advisory Services Network LLC bought a new position in shares of American Woodmark in the third quarter worth approximately $57,000. Canada Pension Plan Investment Board purchased a new position in shares of American Woodmark in the second quarter worth $64,000. PenderFund Capital Management Ltd. purchased a new position in shares of American Woodmark in the third quarter worth $120,000. Finally, EMC Capital Management bought a new stake in American Woodmark during the 2nd quarter valued at $109,000. 95.47% of the stock is 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.