Short Interest in American Woodmark Co. (NASDAQ:AMWD) Drops By 21.6%

American Woodmark Co. (NASDAQ:AMWD) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 411,400 shares, a drop of 21.6% from the May 31st total of 524,600 shares. Based on an average daily trading volume, of 136,200 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.7% of the shares of the company are short sold.

American Woodmark Stock Performance

Shares of AMWD stock traded up $0.40 during trading hours on Friday, reaching $78.60. 181,964 shares of the company traded hands, compared to its average volume of 156,171. American Woodmark has a 12-month low of $65.01 and a 12-month high of $104.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.24. The company has a market cap of $1.23 billion, a P/E ratio of 11.01 and a beta of 1.67. The firm has a 50-day moving average price of $88.04 and a 200 day moving average price of $92.17.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.05). American Woodmark had a net margin of 6.29% and a return on equity of 15.43%. The company had revenue of $453.28 million for the quarter, compared to analysts’ expectations of $437.80 million. As a group, sell-side analysts predict that American Woodmark will post 8.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMWD has been the subject of a number of recent research reports. Loop Capital cut their price target on American Woodmark from $112.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, May 24th. Robert W. Baird cut their price target on American Woodmark from $122.00 to $116.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Finally, StockNews.com downgraded American Woodmark from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $95.75.

Insider Buying and Selling

In other American Woodmark news, Director Philip D. Fracassa acquired 600 shares of American Woodmark stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average cost of $86.66 per share, for a total transaction of $51,996.00. Following the acquisition, the director now owns 600 shares of the company’s stock, valued at $51,996. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in American Woodmark by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,710,774 shares of the company’s stock worth $173,917,000 after purchasing an additional 19,693 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in American Woodmark by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,206,036 shares of the company’s stock worth $111,981,000 after purchasing an additional 69,101 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in American Woodmark by 49.6% in the 4th quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock worth $51,377,000 after purchasing an additional 183,336 shares in the last quarter. Invesco Ltd. lifted its holdings in American Woodmark by 51.8% in the 3rd quarter. Invesco Ltd. now owns 312,984 shares of the company’s stock worth $23,665,000 after purchasing an additional 106,748 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in American Woodmark by 19.4% in the 1st quarter. LSV Asset Management now owns 167,114 shares of the company’s stock worth $16,989,000 after purchasing an additional 27,156 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.