American Woodmark (NASDAQ:AMWD) Shares Gap Down – Here’s What Happened

American Woodmark Co. (NASDAQ:AMWD) shares gapped down prior to trading on Tuesday . The stock had previously closed at $100.86, but opened at $94.49. American Woodmark shares last traded at $94.98, with a volume of 11,784 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Loop Capital decreased their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday. Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, August 14th. Finally, Robert W. Baird boosted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, American Woodmark presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.50.

American Woodmark Price Performance

The stock has a 50-day moving average of $94.70 and a two-hundred day moving average of $90.36. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 13.21 and a beta of 1.61. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). The firm had revenue of $459.10 million during the quarter, compared to analyst estimates of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.78 earnings per share.

Insider Activity at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $90.95, for a total transaction of $318,325.00. Following the transaction, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at approximately $9,998,315.40. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On American Woodmark

Several institutional investors and hedge funds have recently bought and sold shares of AMWD. Pzena Investment Management LLC lifted its position in shares of American Woodmark by 59.1% in the third quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock worth $45,189,000 after purchasing an additional 179,644 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in American Woodmark in the 3rd quarter valued at approximately $15,967,000. Pacer Advisors Inc. lifted its position in American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after buying an additional 129,692 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of American Woodmark by 294.9% during the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock valued at $10,925,000 after buying an additional 103,801 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of American Woodmark during the 3rd quarter valued at $9,195,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.