American Woodmark Co. (NASDAQ:AMWD) Short Interest Up 12.1% in October

American Woodmark Co. (NASDAQ:AMWD - Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 404,800 shares, an increase of 12.1% from the September 30th total of 361,000 shares. Based on an average daily volume of 206,100 shares, the short-interest ratio is currently 2.0 days. Approximately 2.7% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $92.69, for a total transaction of $324,415.00. Following the completion of the sale, the chief executive officer now directly owns 113,432 shares of the company's stock, valued at $10,514,012.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMWD. CWM LLC increased its position in shares of American Woodmark by 56.7% in the third quarter. CWM LLC now owns 622 shares of the company's stock worth $58,000 after purchasing an additional 225 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of American Woodmark during the 2nd quarter valued at $66,000. Picton Mahoney Asset Management bought a new stake in shares of American Woodmark during the 2nd quarter worth $71,000. DekaBank Deutsche Girozentrale lifted its stake in American Woodmark by 67.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 932 shares of the company's stock worth $94,000 after purchasing an additional 377 shares during the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of American Woodmark by 67.8% during the 1st quarter. EntryPoint Capital LLC now owns 1,562 shares of the company's stock valued at $159,000 after purchasing an additional 631 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AMWD. 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 report on Wednesday, August 14th. Loop Capital upgraded American Woodmark from a "hold" rating to a "buy" rating and increased their price target for the stock from $98.00 to $119.00 in a research note on Thursday, October 17th. Zelman & Associates restated a "neutral" rating on shares of American Woodmark in a research note on Wednesday, July 17th. Finally, Robert W. Baird lifted their target price on shares of American Woodmark from $112.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, American Woodmark has a consensus rating of "Moderate Buy" and an average price target of $108.00.

American Woodmark Price Performance

NASDAQ AMWD traded down $4.44 during trading hours on Tuesday, hitting $91.65. The company had a trading volume of 185,682 shares, compared to its average volume of 153,187. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.14 and a current ratio of 1.98. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.46 and a beta of 1.61. American Woodmark has a 52 week low of $65.59 and a 52 week high of $106.57. The firm has a 50 day simple moving average of $91.87 and a 200 day simple moving average of $89.91.

American Woodmark (NASDAQ:AMWD - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $459.10 million during the quarter, compared to analysts' expectations of $475.37 million. American Woodmark had a return on equity of 13.51% and a net margin of 5.97%. The company's quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.78 earnings per share.

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.