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

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

AMWD has been the subject of a number of other reports. Zelman & Associates reiterated an “underperform” rating on shares of American Woodmark in a report on Monday, April 14th. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $114.00.

American Woodmark Stock Up 2.4 %

AMWD stock opened at $55.30 on Tuesday. The stock’s 50 day simple moving average is $61.26 and its 200 day simple moving average is $78.00. The company has a market cap of $820.38 million, a P/E ratio of 8.27 and a beta of 1.31. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. American Woodmark has a fifty-two week low of $52.20 and a fifty-two week high of $106.57.

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

Institutional Trading of American Woodmark

Several institutional investors and hedge funds have recently made changes to their positions in AMWD. Charles Schwab Investment Management Inc. increased its stake in American Woodmark by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,582 shares of the company’s stock valued at $24,223,000 after buying an additional 7,870 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of American Woodmark by 1,570.6% in the fourth quarter. Victory Capital Management Inc. now owns 257,440 shares of the company’s stock valued at $20,474,000 after acquiring an additional 242,030 shares in the last quarter. Barclays PLC increased its position in shares of American Woodmark by 267.9% during the third quarter. Barclays PLC now owns 31,316 shares of the company’s stock valued at $2,927,000 after acquiring an additional 22,804 shares during the last quarter. Intech Investment Management LLC lifted its holdings in American Woodmark by 70.5% during the fourth quarter. Intech Investment Management LLC now owns 13,664 shares of the company’s stock worth $1,087,000 after acquiring an additional 5,652 shares during the period. Finally, Franklin Resources Inc. boosted its position in American Woodmark by 249.1% in the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after purchasing an additional 72,600 shares during the last quarter. Hedge funds and other 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.