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

American Woodmark Co. (NASDAQ:AMWD) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 524,600 shares, an increase of 29.4% from the May 15th total of 405,300 shares. Based on an average trading volume of 137,600 shares, the days-to-cover ratio is presently 3.8 days. Currently, 3.4% of the company’s stock are short sold.

American Woodmark Price Performance

Shares of NASDAQ:AMWD opened at $80.56 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 2.06. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 11.28 and a beta of 1.67. The business has a 50-day simple moving average of $91.26 and a two-hundred day simple moving average of $92.57. American Woodmark has a fifty-two week low of $65.01 and a fifty-two week high of $104.28.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Thursday, May 23rd. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.05). American Woodmark had a net margin of 6.29% and a return on equity of 15.43%. The company had revenue of $453.28 million for the quarter, compared to analysts’ expectations of $437.80 million. On average, analysts expect that American Woodmark will post 8.31 earnings per share for the current year.

Analyst Ratings Changes

AMWD has been the topic of a number of recent research reports. Robert W. Baird cut their target price on American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. StockNews.com lowered shares of American Woodmark from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Finally, Loop Capital dropped their target price on shares of American Woodmark from $112.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, American Woodmark has an average rating of “Hold” and an average price target of $95.75.

Insider Buying and Selling

In other American Woodmark news, Director Philip D. Fracassa acquired 600 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were acquired at an average price of $86.66 per share, for a total transaction of $51,996.00. Following the completion of the acquisition, the director now owns 600 shares in the company, valued at $51,996. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Woodmark

A number of institutional investors and hedge funds have recently modified their holdings of AMWD. Victory Capital Management Inc. increased its position in shares of American Woodmark by 78.0% during the 3rd quarter. Victory Capital Management Inc. now owns 5,044 shares of the company’s stock valued at $381,000 after purchasing an additional 2,210 shares during the last quarter. Barclays PLC raised its holdings in American Woodmark by 15.6% in the 3rd quarter. Barclays PLC now owns 17,420 shares of the company’s stock worth $1,316,000 after purchasing an additional 2,349 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in American Woodmark during the third quarter valued at $230,000. DekaBank Deutsche Girozentrale bought a new stake in American Woodmark during the third quarter valued at about $42,000. Finally, Rafferty Asset Management LLC increased its position in American Woodmark by 7.9% in the third quarter. Rafferty Asset Management LLC now owns 3,946 shares of the company’s stock worth $298,000 after buying an additional 290 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other 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.