American Woodmark Co. (NASDAQ:AMWD) Short Interest Up 8.3% in November

American Woodmark Co. (NASDAQ:AMWD) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 414,900 shares, a growth of 8.3% from the October 31st total of 383,200 shares. Based on an average daily trading volume, of 208,100 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.7% of the shares of the company are short sold.

Analyst Ratings Changes

AMWD has been the topic of several recent analyst reports. Wolfe Research raised shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Wednesday, August 14th. Loop Capital cut their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Finally, Robert W. Baird increased their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.50.

Insiders Place Their Bets

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $90.95, for a total value of $318,325.00. Following the completion of the transaction, the chief executive officer now directly owns 109,932 shares of the company’s stock, valued at approximately $9,998,315.40. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Woodmark

A number of large investors have recently modified their holdings of the business. CWM LLC boosted its position in American Woodmark by 56.7% during the third quarter. CWM LLC now owns 622 shares of the company’s stock worth $58,000 after acquiring an additional 225 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of American Woodmark during the 2nd quarter worth approximately $66,000. Picton Mahoney Asset Management purchased a new stake in shares of American Woodmark in the second quarter valued at approximately $71,000. Millburn Ridgefield Corp acquired a new stake in shares of American Woodmark in the third quarter valued at approximately $80,000. Finally, DekaBank Deutsche Girozentrale lifted 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. Hedge funds and other institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Down 0.2 %

Shares of AMWD opened at $90.64 on Tuesday. The stock has a 50 day moving average price of $94.46 and a 200 day moving average price of $90.21. American Woodmark has a one year low of $76.57 and a one year high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.93. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.55 and a beta of 1.61.

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.