Short Interest in American Woodmark Co. (NASDAQ:AMWD) Increases By 20.1%

American Woodmark Co. (NASDAQ:AMWD) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 466,300 shares, a growth of 20.1% from the December 31st total of 388,100 shares. Based on an average trading volume of 154,400 shares, the days-to-cover ratio is presently 3.0 days. Approximately 3.2% of the shares of the stock are short sold.

Insider Transactions at American Woodmark

In related news, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the transaction, the chief executive officer now owns 106,432 shares in the company, valued at $9,589,523.20. The trade was a 3.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James G. Davis sold 1,250 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $80.79, for a total value of $100,987.50. Following the completion of the transaction, the director now owns 24,573 shares in the company, valued at $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,250 shares of company stock valued at $789,898 in the last three months. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Woodmark

Large investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new stake in American Woodmark during the 3rd quarter worth approximately $749,000. Barclays PLC boosted its holdings in shares of American Woodmark by 267.9% in the third quarter. Barclays PLC now owns 31,316 shares of the company’s stock valued at $2,927,000 after buying an additional 22,804 shares during the period. Creative Planning bought a new stake in shares of American Woodmark during the third quarter worth $312,000. Franklin Resources Inc. raised its holdings in shares of American Woodmark by 249.1% during the third quarter. Franklin Resources Inc. now owns 101,746 shares of the company’s stock worth $9,572,000 after acquiring an additional 72,600 shares during the period. Finally, Hennessy Advisors Inc. lifted its position in American Woodmark by 6.9% in the 4th quarter. Hennessy Advisors Inc. now owns 101,100 shares of the company’s stock valued at $8,040,000 after acquiring an additional 6,500 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

American Woodmark Trading Down 1.9 %

Shares of AMWD stock traded down $1.50 on Friday, reaching $77.86. The company had a trading volume of 151,163 shares, compared to its average volume of 114,361. American Woodmark has a 12 month low of $73.24 and a 12 month high of $106.57. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.17 billion, a PE ratio of 11.64 and a beta of 1.61. The company has a 50-day moving average of $82.80 and a 200-day moving average of $89.58.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). The firm had revenue of $452.50 million for the quarter, compared to the consensus estimate of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.36 earnings per share.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMWD shares. Robert W. Baird raised their price target on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Loop Capital lowered their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Two 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 has an average rating of “Moderate Buy” and an average target price of $114.00.

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.