Wall Street Zen Downgrades American Woodmark (NASDAQ:AMWD) to Sell

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

Several other research firms also recently issued reports on AMWD. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Zelman & Associates reissued an “underperform” rating on shares of American Woodmark in a research report on Monday, April 14th. Finally, Loop Capital reduced their target price on shares of American Woodmark from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 28th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $101.00.

American Woodmark Stock Performance

Shares of AMWD opened at $57.18 on Wednesday. American Woodmark has a one year low of $52.20 and a one year high of $106.57. 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 cap of $848.27 million, a PE ratio of 8.55 and a beta of 1.34. The firm has a 50-day moving average of $58.43 and a 200-day moving average of $72.84.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Thursday, February 27th. The company reported $1.05 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 business 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

Several institutional investors have recently made changes to their positions in AMWD. Intech Investment Management LLC lifted its position in shares of American Woodmark by 81.5% during the 1st quarter. Intech Investment Management LLC now owns 24,800 shares of the company’s stock valued at $1,459,000 after acquiring an additional 11,136 shares during the period. Jane Street Group LLC lifted its position in American Woodmark by 132.6% during the first quarter. Jane Street Group LLC now owns 50,827 shares of the company’s stock worth $2,990,000 after purchasing an additional 28,975 shares during the period. Empowered Funds LLC lifted its position in American Woodmark by 2.0% during the first quarter. Empowered Funds LLC now owns 90,895 shares of the company’s stock worth $5,347,000 after purchasing an additional 1,795 shares during the period. Millennium Management LLC lifted its position in American Woodmark by 277.0% during the first quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock worth $11,805,000 after purchasing an additional 147,427 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of American Woodmark by 1.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 174,295 shares of the company’s stock worth $10,254,000 after acquiring an additional 1,795 shares during the period. 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.