Short Interest in American Woodmark Co. (NASDAQ:AMWD) Increases By 20.1%

American Woodmark Co. (NASDAQ:AMWD) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 466,300 shares, an increase of 20.1% from the December 15th total of 388,100 shares. Based on an average daily trading volume, of 154,400 shares, the short-interest ratio is presently 3.0 days. Approximately 3.2% of the shares of the company are short sold.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMWD. Loop Capital lowered their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Robert W. Baird boosted their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, American Woodmark currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

Insider Activity at American Woodmark

In other American Woodmark news, Director James G. Davis sold 1,250 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the sale, the director now directly owns 24,573 shares of the company’s stock, valued at $1,985,252.67. This represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction dated 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 owns 109,932 shares in the company, valued at approximately $9,998,315.40. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,750 shares of company stock worth $1,108,223. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On American Woodmark

A number of large investors have recently bought and sold shares of AMWD. GAMMA Investing LLC boosted its stake in American Woodmark by 170.6% in the fourth quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after purchasing an additional 377 shares in the last quarter. CWM LLC raised its holdings in shares of American Woodmark by 56.7% in 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. Millburn Ridgefield Corp acquired a new position in American Woodmark during the 3rd quarter worth about $80,000. DekaBank Deutsche Girozentrale grew its holdings in American Woodmark by 56.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,459 shares of the company’s stock worth $114,000 after acquiring an additional 527 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in American Woodmark in the 3rd quarter valued at about $158,000. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Price Performance

Shares of American Woodmark stock opened at $81.01 on Friday. American Woodmark has a twelve month low of $73.24 and a twelve month high of $106.57. 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 cap of $1.22 billion, a P/E ratio of 12.11 and a beta of 1.61. The firm’s 50-day simple moving average is $86.18 and its 200-day simple moving average is $89.54.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.29). The firm had revenue of $452.50 million during the quarter, compared to the consensus estimate of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.36 EPS.

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.