American Woodmark Co. (NASDAQ:AMWD) Sees Significant Decrease in Short Interest

American Woodmark Co. (NASDAQ:AMWD) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 383,200 shares, a decline of 5.3% from the October 15th total of 404,800 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily volume of 197,500 shares, the short-interest ratio is currently 1.9 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AMWD shares. Robert W. Baird increased their price target on American Woodmark from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Loop Capital upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and raised their price target for the stock from $98.00 to $119.00 in a report on Thursday, October 17th. Finally, Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the sale, the chief executive officer now owns 113,432 shares in the company, valued at $10,514,012.08. This represents a 2.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of American Woodmark

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its position in shares of American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after buying an additional 225 shares during the last quarter. Innealta Capital LLC purchased a new position in American Woodmark during the 2nd quarter worth $66,000. Picton Mahoney Asset Management bought a new stake in shares of American Woodmark in the 2nd quarter worth $71,000. Millburn Ridgefield Corp purchased a new stake in shares of American Woodmark in the third quarter valued at about $80,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of American Woodmark by 67.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after purchasing an additional 377 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

American Woodmark Stock Performance

NASDAQ AMWD opened at $96.50 on Monday. The company has a market cap of $1.50 billion, a P/E ratio of 14.30 and a beta of 1.61. The company has a fifty day simple moving average of $93.52 and a 200 day simple moving average of $90.33. 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 has a 12-month low of $70.58 and a 12-month high of $106.57.

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

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.