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

American Woodmark Co. (NASDAQ:AMWDGet Free Report) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 474,100 shares, a decrease of 8.5% from the February 29th total of 518,300 shares. Based on an average daily volume of 109,200 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On American Woodmark

Several institutional investors and hedge funds have recently made changes to their positions in the business. SummerHaven Investment Management LLC grew its holdings in shares of American Woodmark by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 9,813 shares of the company’s stock valued at $911,000 after purchasing an additional 118 shares during the last quarter. Mariner LLC grew its holdings in American Woodmark by 3.6% in the 4th quarter. Mariner LLC now owns 5,331 shares of the company’s stock worth $260,000 after acquiring an additional 183 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in American Woodmark by 72.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 492 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in American Woodmark by 1.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 19,729 shares of the company’s stock worth $1,027,000 after acquiring an additional 245 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in American Woodmark by 6.2% in the 1st quarter. Bank of Montreal Can now owns 4,824 shares of the company’s stock worth $257,000 after acquiring an additional 282 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMWD. Robert W. Baird raised their price objective on shares of American Woodmark from $120.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. StockNews.com cut shares of American Woodmark from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of American Woodmark from a “sell” rating to a “hold” rating and raised their price objective for the company from $57.00 to $88.00 in a research report on Friday, December 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, American Woodmark currently has an average rating of “Hold” and an average target price of $93.25.

Check Out Our Latest Report on AMWD

American Woodmark Price Performance

AMWD stock opened at $100.01 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 2.14. American Woodmark has a 52 week low of $47.98 and a 52 week high of $104.28. The firm’s fifty day moving average is $95.42 and its 200 day moving average is $85.30. The firm has a market cap of $1.59 billion, a P/E ratio of 13.79 and a beta of 1.73.

American Woodmark (NASDAQ:AMWDGet Free Report) last released its earnings results on Thursday, February 29th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.13 by $0.53. American Woodmark had a net margin of 6.38% and a return on equity of 16.72%. The company had revenue of $422.10 million for the quarter, compared to analyst estimates of $394.56 million. During the same quarter last year, the firm earned $1.46 EPS. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. Research analysts predict that American Woodmark will post 8.72 earnings per share for the current year.

American Woodmark Company Profile

(Get Free Report)

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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