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

American Woodmark Co. (NASDAQ:AMWDGet Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 388,100 shares, a decrease of 6.1% from the November 30th total of 413,200 shares. Based on an average daily trading volume, of 157,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.6% of the shares of the company are short sold.

American Woodmark Trading Down 0.5 %

Shares of NASDAQ:AMWD opened at $79.53 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.89 and a beta of 1.59. American Woodmark has a 1-year low of $76.57 and a 1-year high of $106.57. The company has a 50 day moving average price of $90.12 and a 200 day moving average price of $89.68.

American Woodmark (NASDAQ:AMWDGet Free Report) last released its quarterly earnings data 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). The company had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.36 earnings per share.

Insider Buying and Selling

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were 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 of the company’s stock, valued at $9,589,523.20. This represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James G. Davis sold 1,250 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $80.79, for a total transaction of $100,987.50. Following the transaction, the director now directly owns 24,573 shares in the company, valued at approximately $1,985,252.67. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,750 shares of company stock valued at $1,108,223 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Woodmark

Institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in American Woodmark by 100.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,224 shares of the company’s stock worth $646,000 after purchasing an additional 4,127 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in American Woodmark during the second quarter valued at $71,000. Ritholtz Wealth Management lifted its stake in American Woodmark by 5.8% in the 2nd quarter. Ritholtz Wealth Management now owns 6,763 shares of the company’s stock worth $532,000 after acquiring an additional 371 shares in the last quarter. Guidance Capital Inc. boosted its position in American Woodmark by 11.5% during the 2nd quarter. Guidance Capital Inc. now owns 5,250 shares of the company’s stock worth $413,000 after acquiring an additional 541 shares during the period. Finally, Cooke & Bieler LP increased its holdings in shares of American Woodmark by 9.8% in the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after purchasing an additional 80,873 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Loop Capital decreased their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Robert W. Baird raised their target price on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, American Woodmark has an average rating of “Moderate Buy” and an average target price of $114.00.

Read Our Latest Analysis on American Woodmark

About American Woodmark

(Get Free Report)

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.

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