American Woodmark (AMWD) Hits New 52-Week Low at $79.35

American Woodmark Co. (NASDAQ:AMWD)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $79.35 and last traded at $80.25, with a volume of 4996 shares trading hands. The stock had previously closed at $82.15.

AMWD has been the topic of several research analyst reports. Zacks Investment Research cut shares of American Woodmark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 31st. ValuEngine upgraded shares of American Woodmark from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. BidaskClub upgraded shares of American Woodmark from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. Finally, Robert W. Baird lowered their target price on shares of American Woodmark from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, May 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. American Woodmark presently has an average rating of “Hold” and a consensus price target of $112.00.

The stock has a market cap of $1.46 billion, a P/E ratio of 15.26, a PEG ratio of 1.21 and a beta of 1.85. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 1.23.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Monday, August 27th. The company reported $2.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.12. American Woodmark had a net margin of 4.68% and a return on equity of 18.61%. The firm had revenue of $429.00 million during the quarter, compared to analyst estimates of $429.13 million. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue for the quarter was up 55.0% compared to the same quarter last year. analysts predict that American Woodmark Co. will post 7.62 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC increased its holdings in American Woodmark by 35.9% in the 1st quarter. Profund Advisors LLC now owns 2,452 shares of the company’s stock worth $241,000 after acquiring an additional 648 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in American Woodmark by 149.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock worth $121,000 after acquiring an additional 790 shares in the last quarter. Grace & White Inc. NY increased its holdings in American Woodmark by 1.4% in the 2nd quarter. Grace & White Inc. NY now owns 56,254 shares of the company’s stock worth $5,150,000 after acquiring an additional 800 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in American Woodmark by 5.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,610 shares of the company’s stock worth $1,428,000 after acquiring an additional 822 shares in the last quarter. Finally, Cutler Group LP increased its holdings in American Woodmark by 1,010.0% in the 2nd quarter. Cutler Group LP now owns 1,110 shares of the company’s stock worth $101,000 after acquiring an additional 1,010 shares in the last quarter. 81.74% of the stock is owned by hedge funds and other institutional investors.

About American Woodmark (NASDAQ:AMWD)

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

Read More: Asset Allocation Models, Which is Right For You?

Receive News & Ratings for American Woodmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply