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

American Woodmark Corporation (NASDAQ:AMWD)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $41.02 and last traded at $41.02, with a volume of 23474 shares changing hands. The stock had previously closed at $43.98.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMWD shares. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a research report on Wednesday, January 21st. Zelman & Associates upgraded shares of American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price target for the company in a research note on Friday, February 27th. Finally, Robert W. Baird decreased their price objective on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.33.

American Woodmark Price Performance

The firm has a 50-day moving average of $57.37 and a 200-day moving average of $59.67. The stock has a market cap of $607.28 million, a PE ratio of 35.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.37 and a quick ratio of 1.13.

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

Institutional Investors Weigh In On American Woodmark

Several institutional investors have recently made changes to their positions in AMWD. Federated Hermes Inc. bought a new stake in shares of American Woodmark during the third quarter worth $36,000. Advisory Services Network LLC bought a new position in shares of American Woodmark in the third quarter worth about $57,000. Canada Pension Plan Investment Board bought a new position in shares of American Woodmark in the second quarter worth about $64,000. PenderFund Capital Management Ltd. purchased a new position in American Woodmark in the 3rd quarter worth about $120,000. Finally, EMC Capital Management bought a new stake in American Woodmark during the 2nd quarter valued at about $109,000. Institutional investors own 95.47% of the company’s stock.

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.