American Woodmark (NASDAQ:AMWD) Downgraded by StockNews.com to Sell

StockNews.com cut shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a sell rating in a report released on Monday morning.

Several other analysts have also issued reports on AMWD. Wolfe Research lowered American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Loop Capital reduced their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Robert W. Baird boosted their price target on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $114.00.

American Woodmark Price Performance

Shares of AMWD opened at $60.67 on Monday. The business’s 50-day moving average is $76.91 and its 200-day moving average is $86.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The company has a market capitalization of $913.33 million, a price-to-earnings ratio of 9.07 and a beta of 1.61. American Woodmark has a fifty-two week low of $60.44 and a fifty-two week high of $106.57.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.27). The company had revenue of $397.58 million during the quarter, compared to analyst estimates of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

Insiders Place Their Bets

In other news, Director James G. Davis sold 1,679 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $84.33, for a total transaction of $141,590.07. Following the completion of the sale, the director now owns 28,644 shares in the company, valued at approximately $2,415,548.52. This represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 5,750 shares of company stock valued at $474,548 over the last three months. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in American Woodmark during the third quarter valued at approximately $749,000. Barclays PLC grew its stake in American Woodmark by 267.9% in the 3rd quarter. Barclays PLC now owns 31,316 shares of the company’s stock valued at $2,927,000 after buying an additional 22,804 shares during the last quarter. Creative Planning acquired a new position in American Woodmark in the 3rd quarter valued at $312,000. Franklin Resources Inc. raised its holdings in American Woodmark by 249.1% in the 3rd quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after acquiring an additional 72,600 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in American Woodmark by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,463 shares of the company’s stock worth $4,342,000 after acquiring an additional 11,975 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.