American Woodmark Co. (NASDAQ:AMWD) Short Interest Down 15.4% in March

American Woodmark Co. (NASDAQ:AMWD - Get Free Report) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 463,500 shares, a decrease of 15.4% from the February 28th total of 547,900 shares. Based on an average trading volume of 166,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.2% of the company's stock are short sold.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMWD. StockNews.com raised shares of American Woodmark from a "sell" rating to a "hold" rating in a research note on Thursday, March 27th. Wolfe Research downgraded American Woodmark from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $114.00.

American Woodmark Stock Up 3.3 %

Shares of American Woodmark stock traded up $1.86 during trading hours on Friday, reaching $57.40. The company's stock had a trading volume of 326,201 shares, compared to its average volume of 166,686. The company has a market capitalization of $851.53 million, a P/E ratio of 8.58 and a beta of 1.31. The stock's fifty day simple moving average is $67.28 and its two-hundred day simple moving average is $81.56. American Woodmark has a one year low of $52.38 and a one year high of $106.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93.

Remove Ads

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.27). The business had revenue of $397.58 million during the quarter, compared to the consensus estimate of $405.72 million. American Woodmark had a net margin of 5.90% and a return on equity of 12.70%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. First Hawaiian Bank raised its position in American Woodmark by 77.0% in the 1st quarter. First Hawaiian Bank now owns 10,566 shares of the company's stock valued at $622,000 after buying an additional 4,595 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of American Woodmark in the 4th quarter worth $4,011,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of American Woodmark in the fourth quarter valued at about $1,129,000. Public Employees Retirement System of Ohio bought a new position in shares of American Woodmark during the fourth quarter valued at about $43,000. Finally, Paradigm Capital Management Inc. NY purchased a new position in American Woodmark during the fourth quarter worth about $23,954,000. Hedge funds and other institutional investors 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.