American Woodmark Co. (NASDAQ:AMWD) Short Interest Down 6.1% in December

American Woodmark Co. (NASDAQ:AMWD) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 388,100 shares, a decline of 6.1% from the November 30th total of 413,200 shares. Based on an average daily volume of 157,000 shares, the short-interest ratio is presently 2.5 days. Approximately 2.6% of the company’s stock are short sold.

American Woodmark Price Performance

Shares of AMWD opened at $79.53 on Thursday. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 11.89 and a beta of 1.59. American Woodmark has a 52 week low of $76.57 and a 52 week high of $106.57. The stock has a 50 day moving average of $90.12 and a 200-day moving average of $89.68.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMWD. Robert W. Baird lifted their price target on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Loop Capital dropped their target price 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Insider Transactions at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $90.95, for a total transaction of $318,325.00. Following the sale, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at approximately $9,998,315.40. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the director now directly owns 24,573 shares of the company’s stock, valued at $1,985,252.67. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,750 shares of company stock valued at $1,108,223. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On American Woodmark

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of American Woodmark by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock worth $95,149,000 after purchasing an additional 7,496 shares during the period. Cooke & Bieler LP increased its position in American Woodmark by 9.8% in the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock worth $71,499,000 after buying an additional 80,873 shares during the period. Pacer Advisors Inc. lifted its stake in American Woodmark by 18.2% in the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after buying an additional 129,692 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of American Woodmark by 8.1% during the third quarter. Wellington Management Group LLP now owns 537,470 shares of the company’s stock valued at $50,227,000 after acquiring an additional 40,378 shares during the period. Finally, Pzena Investment Management LLC grew its position in shares of American Woodmark by 59.1% during 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 during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.