American Woodmark Co. (NASDAQ:AMWD) Short Interest Up 20.1% in January

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

American Woodmark Stock Down 1.9 %

Shares of AMWD traded down $1.50 during midday trading on Friday, reaching $77.86. The stock had a trading volume of 151,163 shares, compared to its average volume of 114,361. American Woodmark has a 1-year low of $73.24 and a 1-year high of $106.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 11.64 and a beta of 1.61. The company’s fifty day simple moving average is $82.80 and its two-hundred day simple moving average is $89.56.

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

Insider Buying and Selling at American Woodmark

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $90.10, for a total value of $315,350.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James G. Davis sold 1,679 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $84.33, for a total value of $141,590.07. Following the transaction, the director now owns 28,644 shares of the company’s stock, valued at approximately $2,415,548.52. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,250 shares of company stock worth $789,898. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On American Woodmark

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in American Woodmark by 170.6% during the 4th quarter. GAMMA Investing LLC now owns 598 shares of the company’s stock worth $48,000 after buying an additional 377 shares during the last quarter. CWM LLC increased its stake in American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company’s stock valued at $58,000 after purchasing an additional 225 shares during the period. KBC Group NV boosted its stake in shares of American Woodmark by 69.6% during the fourth quarter. KBC Group NV now owns 858 shares of the company’s stock worth $68,000 after buying an additional 352 shares during the period. Millburn Ridgefield Corp purchased a new position in shares of American Woodmark during the third quarter worth about $80,000. Finally, R Squared Ltd acquired a new position in American Woodmark in the 4th quarter valued at about $87,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AMWD shares. Robert W. Baird increased their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital dropped their target price on 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.00.

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.