American Woodmark (NASDAQ:AMWD) Shares Down 4.7% Following Analyst Downgrade

American Woodmark Co. (NASDAQ:AMWD - Get Free Report)'s stock price traded down 4.7% during trading on Monday after Loop Capital lowered their price target on the stock from $75.00 to $72.00. Loop Capital currently has a buy rating on the stock. American Woodmark traded as low as $53.80 and last traded at $53.72. 34,819 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 169,495 shares. The stock had previously closed at $56.37.

A number of other research firms also recently issued reports on AMWD. Wolfe Research downgraded shares of American Woodmark from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 4th. Wall Street Zen downgraded shares of American Woodmark from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Robert W. Baird dropped their price objective on shares of American Woodmark from $75.00 to $68.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Finally, Zelman & Associates reaffirmed an "underperform" rating on shares of American Woodmark in a report on Monday, April 14th. 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $83.33.

Read Our Latest Stock Analysis on American Woodmark

Institutional Trading of American Woodmark

Several hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC lifted its stake in American Woodmark by 1.9% in the first 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 last quarter. PNC Financial Services Group Inc. lifted its stake in American Woodmark by 5.1% in the first 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 last quarter. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 197 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in American Woodmark by 1.3% in the fourth 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 last quarter. Finally, 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 purchasing an additional 259 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

American Woodmark Stock Performance

The firm has a market cap of $798.21 million, a P/E ratio of 8.04 and a beta of 1.34. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The business's fifty day simple moving average is $58.03 and its 200-day simple moving average is $70.69.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.45 by $0.16. The firm had revenue of $400.39 million during the quarter, compared to the consensus estimate of $427.39 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company's quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share.

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.

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