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

American Woodmark Co. (NASDAQ:AMWD) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 404,800 shares, an increase of 12.1% from the September 30th total of 361,000 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 206,100 shares, the short-interest ratio is presently 2.0 days.

Insider Activity

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total value of $324,415.00. Following the sale, the chief executive officer now owns 113,432 shares of the company’s stock, valued at $10,514,012.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On American Woodmark

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. grew its holdings in American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after acquiring an additional 129,692 shares during the period. Renaissance Technologies LLC grew its stake in shares of American Woodmark by 294.9% during the second 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 during the period. Hennessy Advisors Inc. bought a new stake in American Woodmark in the second quarter valued at about $6,602,000. Cooke & Bieler LP lifted its stake in American Woodmark by 9.8% in the second quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after buying an additional 80,873 shares during the period. Finally, Paradigm Capital Management Inc. NY bought a new position in American Woodmark during the second quarter worth about $6,209,000. 95.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMWD has been the topic of several research analyst reports. Zelman & Associates reaffirmed a “neutral” rating on shares of American Woodmark in a research note on Wednesday, July 17th. Wolfe Research upgraded American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, August 14th. Loop Capital upgraded American Woodmark from a “hold” rating to a “buy” rating and increased their target price for the stock from $98.00 to $119.00 in a report on Thursday, October 17th. Finally, Robert W. Baird raised their target price on American Woodmark from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

American Woodmark Stock Down 4.6 %

Shares of AMWD opened at $91.65 on Wednesday. The business’s fifty day moving average price is $91.87 and its two-hundred day moving average price is $89.91. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 12.84 and a beta of 1.61. American Woodmark has a 52 week low of $65.59 and a 52 week high of $106.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.48). The firm had revenue of $459.10 million during the quarter, compared to the consensus estimate of $475.37 million. American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. American Woodmark’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.78 EPS.

American Woodmark Company Profile

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.