American Woodmark Co. (NASDAQ:AMWD) Short Interest Down 5.3% in October

American Woodmark Co. (NASDAQ:AMWD) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 383,200 shares, a drop of 5.3% from the October 15th total of 404,800 shares. Based on an average daily volume of 197,500 shares, the short-interest ratio is presently 1.9 days. Currently, 2.5% of the shares of the stock are sold short.

Insider Activity at American Woodmark

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

Institutional Trading of American Woodmark

Hedge funds have recently added to or reduced their stakes in the business. Pzena Investment Management LLC increased its holdings 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 acquiring an additional 179,644 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in American Woodmark during the 3rd quarter worth approximately $15,967,000. Pacer Advisors Inc. increased its stake in American Woodmark by 18.2% during the 2nd 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 raised its holdings in 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 period. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in American Woodmark in the third quarter valued at approximately $9,195,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

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

American Woodmark Stock Performance

Shares of NASDAQ:AMWD opened at $95.87 on Tuesday. The firm’s 50 day simple moving average is $93.52 and its 200 day simple moving average is $90.31. American Woodmark has a fifty-two week low of $70.58 and a fifty-two week high of $106.57. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.20 and a beta of 1.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share 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 company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.78 earnings per share.

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.