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

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

American Woodmark Stock Down 1.5 %

Shares of NASDAQ:AMWD opened at $94.47 on Wednesday. The firm has a market capitalization of $1.46 billion, a PE ratio of 14.00 and a beta of 1.61. The business has a 50 day simple moving average of $93.77 and a two-hundred day simple moving average of $90.33. American Woodmark has a 1 year low of $70.58 and a 1 year high of $106.57. 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 announced its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.48). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The business had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. During the same period last year, the company earned $2.78 EPS. The business’s revenue was down 7.9% compared to the same quarter last year.

Insider Activity at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $92.69, for a total transaction of $324,415.00. Following the sale, the chief executive officer now owns 113,432 shares of the company’s stock, valued at $10,514,012.08. This represents a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Woodmark

Institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in shares of American Woodmark by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock worth $1,440,000 after buying an additional 117 shares during the period. Guidance Capital Inc. raised its holdings in shares of American Woodmark by 2.3% in the third quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock valued at $542,000 after acquiring an additional 119 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in American Woodmark by 4.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after acquiring an additional 122 shares during the period. ProShare Advisors LLC grew its holdings in American Woodmark by 5.0% during the 1st quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock worth $329,000 after acquiring an additional 154 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its position in American Woodmark by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,093 shares of the company’s stock valued at $793,000 after purchasing an additional 176 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

About American Woodmark

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.