American Woodmark (NASDAQ:AMWD) Cut to Sell at StockNews.com

StockNews.com downgraded shares of American Woodmark (NASDAQ:AMWD) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

AMWD has been the subject of several other research reports. Wolfe Research lowered American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Zelman & Associates reissued an “underperform” rating on shares of American Woodmark in a report on Monday, April 14th. Finally, Loop Capital decreased their price objective on American Woodmark from $100.00 to $75.00 and set a “buy” rating for the company in a report on Monday, April 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $101.00.

American Woodmark Trading Down 4.6%

Shares of American Woodmark stock opened at $57.49 on Wednesday. American Woodmark has a 1 year low of $52.20 and a 1 year high of $106.57. The firm has a market cap of $852.86 million, a PE ratio of 8.59 and a beta of 1.34. The stock has a fifty day moving average price of $58.48 and a 200-day moving average price of $73.09. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.27). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The business had revenue of $397.58 million for the quarter, compared to analysts’ expectations of $405.72 million.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC boosted its stake in American Woodmark by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 9,962 shares of the company’s stock worth $586,000 after purchasing an additional 185 shares during the period. PNC Financial Services Group Inc. boosted its stake in American Woodmark by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $234,000 after purchasing an additional 193 shares during the period. GAMMA Investing LLC boosted its stake in American Woodmark by 32.9% in the 1st quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock worth $47,000 after purchasing an additional 197 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in American Woodmark by 1.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 15,420 shares of the company’s stock worth $1,227,000 after purchasing an additional 200 shares during the period. Finally, Quarry LP boosted its stake in American Woodmark by 215.8% in the 4th quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after purchasing an additional 259 shares during the period. Institutional investors own 95.47% of the company’s stock.

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.