Short Interest in American Woodmark Co. (NASDAQ:AMWD) Rises By 20.2%

American Woodmark Co. (NASDAQ:AMWD) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 618,100 shares, an increase of 20.2% from the August 15th total of 514,200 shares. Based on an average daily trading volume, of 167,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 4.0% of the company’s stock are sold short.

American Woodmark Stock Performance

AMWD stock traded up $1.56 during midday trading on Monday, reaching $90.26. The stock had a trading volume of 65,109 shares, compared to its average volume of 139,207. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. The firm has a fifty day simple moving average of $90.38 and a two-hundred day simple moving average of $90.95. The stock has a market cap of $1.40 billion, a PE ratio of 12.67 and a beta of 1.61. American Woodmark has a 52-week low of $65.01 and a 52-week high of $106.57.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.48). The firm had revenue of $459.10 million for the quarter, compared to analyst estimates of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. American Woodmark’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.78 EPS.

Institutional Investors Weigh In On American Woodmark

A number of institutional investors have recently modified their holdings of AMWD. Pacer Advisors Inc. boosted its position in American Woodmark by 18.2% during the second quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after purchasing an additional 129,692 shares in the last quarter. Allianz Asset Management GmbH boosted its position in American Woodmark by 421.0% during the fourth quarter. Allianz Asset Management GmbH now owns 154,806 shares of the company’s stock worth $14,374,000 after acquiring an additional 125,095 shares during the last quarter. Norges Bank acquired a new stake in American Woodmark in the 4th quarter valued at about $10,027,000. Renaissance Technologies LLC lifted its stake in American Woodmark by 294.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock worth $10,925,000 after purchasing an additional 103,801 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of American Woodmark during the 2nd quarter worth approximately $6,602,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Zelman & Associates restated a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Loop Capital decreased their price target on American Woodmark from $100.00 to $98.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Wednesday, August 14th. Finally, Robert W. Baird decreased their price objective on shares of American Woodmark from $116.00 to $112.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $102.00.

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.