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

American Woodmark Co. (NASDAQ:AMWD) saw a significant growth in short interest during 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. Based on an average daily volume of 154,400 shares, the short-interest ratio is presently 3.0 days. Approximately 3.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AMWD shares. Loop Capital cut their target price on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Robert W. Baird lifted their price target on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

American Woodmark Price Performance

Shares of AMWD traded down $0.39 during mid-day trading on Friday, reaching $78.97. The company had a trading volume of 19,249 shares, compared to its average volume of 119,018. American Woodmark has a twelve month low of $73.24 and a twelve month high of $106.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The company’s 50-day moving average is $83.49 and its 200-day moving average is $89.71. The company has a market capitalization of $1.19 billion, a P/E ratio of 11.82 and a beta of 1.61.

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

Insider Buying and Selling at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the sale, the chief executive officer now owns 106,432 shares in the company, valued at approximately $9,589,523.20. This trade represents a 3.18 % 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 link. Also, Director James G. Davis sold 1,250 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the sale, the director now owns 24,573 shares of the company’s stock, valued at approximately $1,985,252.67. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,250 shares of company stock valued at $789,898. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in American Woodmark by 0.8% in the 3rd quarter. Victory Capital Management Inc. now owns 15,410 shares of the company’s stock valued at $1,440,000 after buying an additional 117 shares during the last quarter. Guidance Capital Inc. boosted its position in shares of American Woodmark by 2.3% in the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company’s stock worth $542,000 after purchasing an additional 119 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of American Woodmark by 4.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company’s stock worth $285,000 after purchasing an additional 122 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of American Woodmark by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company’s stock worth $475,000 after purchasing an additional 222 shares during the last quarter. Finally, CWM LLC boosted its position 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 purchasing an additional 225 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.