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

American Woodmark (NASDAQ:AMWD) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

AMWD has been the topic of a number of other reports. Wolfe Research cut 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 shares of American Woodmark from $100.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Finally, Zelman & Associates restated an “underperform” rating on shares of American Woodmark in a report on Monday, April 14th. Two 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $101.00.

American Woodmark Price Performance

NASDAQ:AMWD opened at $60.26 on Wednesday. American Woodmark has a 52-week low of $52.20 and a 52-week high of $106.57. The stock has a fifty day moving average of $58.46 and a 200 day moving average of $73.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The firm has a market capitalization of $893.96 million, a price-to-earnings ratio of 9.01 and a beta of 1.34.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Thursday, February 27th. The company reported $1.05 earnings per share (EPS) 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 company had revenue of $397.58 million for the quarter, compared to the consensus estimate of $405.72 million.

Institutional Investors Weigh In On American Woodmark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its stake in American Woodmark by 215.8% in the fourth quarter. Quarry LP now owns 379 shares of the company’s stock worth $30,000 after acquiring an additional 259 shares during the period. Sterling Capital Management LLC boosted its stake in American Woodmark by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 471 shares of the company’s stock worth $37,000 after acquiring an additional 421 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of American Woodmark in the 4th quarter worth approximately $43,000. GAMMA Investing LLC grew its stake in shares of American Woodmark by 32.9% in the first quarter. GAMMA Investing LLC now owns 795 shares of the company’s stock worth $47,000 after acquiring an additional 197 shares during the last quarter. Finally, KBC Group NV increased its stake in American Woodmark by 69.6% during the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock valued at $68,000 after purchasing an additional 352 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Company Profile

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.