American Woodmark (AMWD) Sets New 52-Week Low at $69.16

American Woodmark Co. (NASDAQ:AMWD)’s share price reached a new 52-week low on Thursday . The company traded as low as $69.16 and last traded at $68.90, with a volume of 8347 shares traded. The stock had previously closed at $70.91.

A number of equities analysts have weighed in on the company. TheStreet lowered American Woodmark from a “b” rating to a “c+” rating in a research note on Tuesday. BidaskClub lowered American Woodmark from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th. Wells Fargo & Co assumed coverage on American Woodmark in a research note on Wednesday, June 27th. They set a “market perform” rating and a $100.00 price objective on the stock. Longbow Research lowered American Woodmark to a “buy” rating and set a $123.00 price objective on the stock. in a research note on Friday. Finally, ValuEngine lowered American Woodmark from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Two investment 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. The company has an average rating of “Hold” and an average target price of $114.75.

The company has a market cap of $1.38 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 1.14 and a beta of 1.89. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.06 and a quick ratio of 1.35.

American Woodmark (NASDAQ:AMWD) last announced 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 return on equity of 18.61% and a net margin of 4.68%. The business had revenue of $429.00 million for the quarter, compared to analyst estimates of $429.13 million. During the same quarter in the prior year, the company posted $1.36 EPS. The company’s quarterly revenue was up 55.0% on a year-over-year basis. Research analysts predict that American Woodmark Co. will post 7.62 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in AMWD. BlackRock Inc. lifted its stake in shares of American Woodmark by 7.8% in the 2nd quarter. BlackRock Inc. now owns 2,069,767 shares of the company’s stock valued at $189,487,000 after purchasing an additional 150,285 shares during the last quarter. Millennium Management LLC lifted its stake in shares of American Woodmark by 379.7% in the 2nd quarter. Millennium Management LLC now owns 178,923 shares of the company’s stock valued at $16,380,000 after purchasing an additional 141,625 shares during the last quarter. FMR LLC lifted its stake in shares of American Woodmark by 47.2% in the 2nd quarter. FMR LLC now owns 362,452 shares of the company’s stock valued at $33,182,000 after purchasing an additional 116,185 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its stake in shares of American Woodmark by 35.0% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 316,889 shares of the company’s stock valued at $29,011,000 after purchasing an additional 82,089 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its stake in shares of American Woodmark by 214.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 115,567 shares of the company’s stock valued at $10,580,000 after purchasing an additional 78,817 shares during the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.

American Woodmark Company Profile (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.

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