American Woodmark Co. (NASDAQ:AMWD) Sees Large Decrease in Short Interest

American Woodmark Co. (NASDAQ:AMWD) saw a large 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. Approximately 2.5% of the company’s stock are sold short. Based on an average daily trading volume, of 197,500 shares, the short-interest ratio is currently 1.9 days.

Insider Activity at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 109,932 shares of the company’s stock, valued at $9,998,315.40. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Woodmark

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

American Woodmark Trading Down 1.5 %

American Woodmark stock opened at $94.47 on Wednesday. American Woodmark has a 52-week low of $70.58 and a 52-week high of $106.57. The company has a market cap of $1.46 billion, a P/E ratio of 14.00 and a beta of 1.61. The company has a quick ratio of 1.14, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. 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 (NASDAQ:AMWD) last announced its earnings results on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). The business had revenue of $459.10 million for the quarter, compared to analysts’ expectations of $475.37 million. American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.78 earnings per share.

Analyst Upgrades and Downgrades

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