Short Interest in American Woodmark Co. (NASDAQ:AMWD) Drops By 5.3%

American Woodmark Co. (NASDAQ:AMWD) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 383,200 shares, a decrease of 5.3% from the October 15th total of 404,800 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 197,500 shares, the short-interest ratio is presently 1.9 days.

Insider Buying and Selling

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $90.95, for a total transaction of $318,325.00. Following the completion of the sale, the chief executive officer now directly owns 109,932 shares in the company, valued at $9,998,315.40. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. bought a new position in shares of American Woodmark during the 1st quarter worth approximately $219,000. Sei Investments Co. lifted its holdings in shares of American Woodmark by 33.9% during the first quarter. Sei Investments Co. now owns 18,733 shares of the company’s stock valued at $1,904,000 after acquiring an additional 4,741 shares during the period. ProShare Advisors LLC boosted its stake in shares of American Woodmark by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 3,235 shares of the company’s stock valued at $329,000 after purchasing an additional 154 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of American Woodmark by 10.5% in the 1st quarter. Orion Portfolio Solutions LLC now owns 14,134 shares of the company’s stock valued at $1,437,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of American Woodmark in the 1st quarter worth about $400,000. Institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Performance

Shares of NASDAQ AMWD opened at $95.87 on Tuesday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.20 and a beta of 1.61. American Woodmark has a one year low of $70.58 and a one year high of $106.57. The business has a fifty day simple moving average of $93.52 and a 200 day simple moving average of $90.31. 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 (NASDAQ:AMWD) last announced 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). American Woodmark had a net margin of 5.97% and a return on equity of 13.51%. The business had revenue of $459.10 million during the quarter, compared to analyst estimates of $475.37 million. During the same quarter in the prior year, the company posted $2.78 EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMWD. Robert W. Baird increased 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. Wolfe Research raised 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. Finally, Loop Capital upgraded shares of American Woodmark from a “hold” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $119.00 in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.00.

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.