American Woodmark Co. (NASDAQ:AMWD) Sees Large Decline in Short Interest

American Woodmark Co. (NASDAQ:AMWD - Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 388,100 shares, a drop of 6.1% from the November 30th total of 413,200 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily trading volume, of 157,000 shares, the days-to-cover ratio is presently 2.5 days.

American Woodmark Trading Down 0.5 %

AMWD stock traded down $0.40 during midday trading on Tuesday, reaching $79.53. The stock had a trading volume of 114,547 shares, compared to its average volume of 154,088. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. American Woodmark has a twelve month low of $76.57 and a twelve month high of $106.57. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 11.89 and a beta of 1.59. The business has a fifty day simple moving average of $90.41 and a two-hundred day simple moving average of $89.75.

American Woodmark (NASDAQ:AMWD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.08 EPS 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 analyst estimates of $458.29 million. During the same quarter in the prior year, the firm earned $2.36 EPS. The firm's quarterly revenue was down 4.5% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Robert W. Baird lifted their price target 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. Loop Capital cut their target price on shares of American Woodmark from $119.00 to $114.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, American Woodmark currently has a consensus rating of "Moderate Buy" and an average target price of $114.00.

Insider Buying and Selling

In other news, 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 approximately $1,985,252.67. This represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the completion of the sale, the chief executive officer now directly owns 106,432 shares in the company, valued at approximately $9,589,523.20. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,750 shares of company stock valued at $1,108,223 over the last three months. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMWD. Victory Capital Management Inc. lifted its stake in American Woodmark by 0.8% in the third quarter. Victory Capital Management Inc. now owns 15,410 shares of the company's stock valued at $1,440,000 after buying an additional 117 shares during the period. Guidance Capital Inc. boosted its stake in American Woodmark by 2.3% during the 3rd quarter. Guidance Capital Inc. now owns 5,369 shares of the company's stock worth $542,000 after acquiring an additional 119 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in American Woodmark by 4.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 3,049 shares of the company's stock valued at $285,000 after purchasing an additional 122 shares during the period. Glenmede Trust Co. NA raised its holdings in American Woodmark by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 5,080 shares of the company's stock worth $475,000 after purchasing an additional 222 shares during the period. Finally, CWM LLC boosted its position in shares of American Woodmark by 56.7% during the third 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. Institutional investors and hedge funds own 95.47% of the company's stock.

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.