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

American Woodmark Co. (NASDAQ:AMWD) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 361,000 shares, a decline of 41.3% from the September 15th total of 614,600 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average trading volume of 208,600 shares, the days-to-cover ratio is currently 1.7 days.

Insiders Place Their Bets

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 113,432 shares of the company’s stock, valued at $10,514,012.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Woodmark

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of American Woodmark by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock valued at $173,917,000 after purchasing an additional 19,693 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in American Woodmark by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,210,543 shares of the company’s stock worth $95,149,000 after buying an additional 7,496 shares during the period. Cooke & Bieler LP boosted its position in American Woodmark by 9.8% during the 2nd quarter. Cooke & Bieler LP now owns 909,653 shares of the company’s stock valued at $71,499,000 after acquiring an additional 80,873 shares in the last quarter. Pacer Advisors Inc. boosted its position in American Woodmark by 18.2% during the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock valued at $66,275,000 after acquiring an additional 129,692 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of American Woodmark by 36.6% in the 2nd quarter. LSV Asset Management now owns 228,320 shares of the company’s stock valued at $17,946,000 after acquiring an additional 61,206 shares during the period. Institutional investors own 95.47% of the company’s stock.

American Woodmark Trading Up 1.8 %

Shares of AMWD opened at $92.29 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.14. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 12.93 and a beta of 1.61. The company has a 50-day moving average of $90.82 and a 200 day moving average of $90.39. American Woodmark has a 1-year low of $65.01 and a 1-year high of $106.57.

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

Wall Street Analysts Forecast Growth

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

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.