American Woodmark Corporation (NASDAQ:AMWD – Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $33.29 and last traded at $34.4160, with a volume of 212396 shares trading hands. The stock had previously closed at $35.49.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on AMWD shares. Robert W. Baird lowered their price target on American Woodmark from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen raised American Woodmark to a “sell” rating in a report on Saturday, April 11th. Zelman & Associates raised American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a report on Friday, February 27th. Finally, Weiss Ratings lowered American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $57.67.
Get Our Latest Stock Analysis on American Woodmark
American Woodmark Trading Down 3.5%
American Woodmark (NASDAQ:AMWD – Get Free Report) last released its earnings results on Thursday, February 26th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.34. The firm had revenue of $324.30 million for the quarter, compared to analyst estimates of $358.14 million. American Woodmark had a return on equity of 6.15% and a net margin of 1.15%.American Woodmark’s revenue was down 18.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of AMWD. Federated Hermes Inc. acquired a new position in American Woodmark during the third quarter worth about $36,000. Advisory Services Network LLC acquired a new position in American Woodmark during the third quarter worth about $57,000. Canada Pension Plan Investment Board acquired a new position in American Woodmark during the second quarter worth about $64,000. Osaic Holdings Inc. boosted its position in shares of American Woodmark by 19.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,147 shares of the company’s stock valued at $115,000 after purchasing an additional 357 shares during the period. Finally, PenderFund Capital Management Ltd. acquired a new position in shares of American Woodmark in the 3rd quarter valued at $120,000. 95.47% of the stock is owned by institutional investors and hedge funds.
About American Woodmark
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.
See Also
- Five stocks we like better than American Woodmark
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
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.
