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

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

American Woodmark Trading Down 0.5 %

Shares of American Woodmark stock traded down $0.39 during trading on Friday, hitting $78.97. The company’s stock had a trading volume of 19,249 shares, compared to its average volume of 119,018. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. American Woodmark has a 52 week low of $73.24 and a 52 week high of $106.57. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 11.82 and a beta of 1.61. The stock has a 50-day moving average price of $83.49 and a two-hundred day moving average price of $89.71.

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

Analyst Ratings Changes

AMWD has been the subject of several research analyst reports. Loop Capital lowered their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Robert W. Baird upped their price target on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Insider Buying and Selling at American Woodmark

In other news, Director James G. Davis sold 2,821 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $82.23, for a total transaction of $231,970.83. Following the completion of the sale, the director now owns 25,823 shares in the company, valued at $2,123,425.29. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the completion of the sale, the chief executive officer now owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. The trade was a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,250 shares of company stock valued at $789,898 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Woodmark

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of American Woodmark by 170.6% in the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after acquiring an additional 377 shares during the last quarter. CWM LLC raised its holdings in shares of American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of American Woodmark in the 3rd quarter worth about $80,000. KBC Group NV raised its holdings in shares of American Woodmark by 69.6% in the 4th quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after acquiring an additional 352 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of American Woodmark in the 4th quarter worth about $87,000. Institutional investors own 95.47% of the company’s stock.

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.