American Woodmark Co. (NASDAQ:AMWD) Short Interest Update

American Woodmark Co. (NASDAQ:AMWD) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 414,900 shares, an increase of 8.3% from the October 31st total of 383,200 shares. Based on an average trading volume of 208,100 shares, the short-interest ratio is presently 2.0 days. Currently, 2.7% of the shares of the company are sold short.

American Woodmark Trading Down 0.8 %

NASDAQ:AMWD traded down $0.71 on Wednesday, reaching $89.37. 14,943 shares of the company’s stock were exchanged, compared to its average volume of 152,346. American Woodmark has a 52-week low of $76.57 and a 52-week high of $106.57. The business has a fifty day moving average of $94.43 and a 200-day moving average of $90.17. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.46 and a beta of 1.59. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40.

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

Insider Buying and Selling

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

Institutional Trading of American Woodmark

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pzena Investment Management LLC increased its holdings in shares of American Woodmark by 59.1% in the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock valued at $45,189,000 after acquiring an additional 179,644 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in American Woodmark in the third quarter valued at approximately $15,967,000. Pacer Advisors Inc. raised its holdings in American Woodmark by 18.2% during the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after purchasing an additional 129,692 shares in the last quarter. Renaissance Technologies LLC lifted its position 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 worth $10,925,000 after buying an additional 103,801 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of American Woodmark in the 3rd quarter valued at $9,195,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AMWD shares. Robert W. Baird raised their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital cut their price objective on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, Wolfe Research raised American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.50.

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.