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

American Woodmark Co. (NASDAQ:AMWD) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 411,400 shares, a decline of 21.6% from the May 31st total of 524,600 shares. Based on an average trading volume of 136,200 shares, the short-interest ratio is currently 3.0 days. Approximately 2.7% of the company’s stock are sold short.

Insider Transactions at American Woodmark

In other American Woodmark news, Director Philip D. Fracassa purchased 600 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average price of $86.66 per share, with a total value of $51,996.00. Following the transaction, the director now owns 600 shares in the company, valued at $51,996. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Woodmark

Several institutional investors and hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its stake in shares of American Woodmark by 67.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock valued at $94,000 after buying an additional 377 shares during the period. EntryPoint Capital LLC increased its holdings in American Woodmark by 67.8% in the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after acquiring an additional 631 shares during the last quarter. Covestor Ltd raised its stake in American Woodmark by 1,230.2% in the 1st quarter. Covestor Ltd now owns 1,716 shares of the company’s stock valued at $175,000 after acquiring an additional 1,587 shares during the period. Partnership Wealth Management LLC purchased a new stake in American Woodmark during the fourth quarter valued at about $184,000. Finally, Mackenzie Financial Corp bought a new position in American Woodmark during the fourth quarter worth about $210,000. 95.47% of the stock is owned by institutional investors.

American Woodmark Price Performance

AMWD opened at $78.60 on Monday. American Woodmark has a fifty-two week low of $65.01 and a fifty-two week high of $104.28. The firm has a 50-day moving average of $88.04 and a 200 day moving average of $92.19. 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 $1.23 billion, a P/E ratio of 11.01 and a beta of 1.67.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Thursday, May 23rd. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $437.80 million. On average, research analysts expect that American Woodmark will post 8.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on AMWD shares. Loop Capital dropped their price objective on American Woodmark from $112.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Robert W. Baird cut their price target on shares of American Woodmark from $122.00 to $116.00 and set an “outperform” rating on the stock in a report on Friday, May 24th. Finally, StockNews.com lowered shares of American Woodmark from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.75.

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.