American Woodmark Co. (NASDAQ:AMWD) Short Interest Up 12.1% in October

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

Insider Buying and Selling at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the sale, the chief executive officer now directly owns 113,432 shares in the company, valued at $10,514,012.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 company. CWM LLC lifted its stake in American Woodmark by 56.7% in the 3rd quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after purchasing an additional 225 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of American Woodmark in the second quarter worth $66,000. Picton Mahoney Asset Management purchased a new position in American Woodmark during the second quarter worth about $71,000. DekaBank Deutsche Girozentrale grew its position in American Woodmark by 67.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company’s stock worth $94,000 after buying an additional 377 shares in the last quarter. Finally, EntryPoint Capital LLC grew its position in American Woodmark by 67.8% during the first quarter. EntryPoint Capital LLC now owns 1,562 shares of the company’s stock worth $159,000 after buying an additional 631 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

American Woodmark Stock Up 1.0 %

AMWD opened at $92.60 on Thursday. The company has a 50 day moving average of $91.82 and a 200 day moving average of $89.88. The company has a current ratio of 1.98, a quick ratio of 1.14 and a debt-to-equity ratio of 0.41. American Woodmark has a 12 month low of $66.01 and a 12 month high of $106.57. The company has a market cap of $1.44 billion, a PE ratio of 12.97 and a beta of 1.61.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data 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 company had revenue of $459.10 million for 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%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.78 earnings per share.

Analyst Ratings Changes

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

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.