American Woodmark Co. (NASDAQ:AMWD) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 476,600 shares, a decline of 17.6% from the May 30th total of 578,600 shares. Based on an average daily trading volume, of 138,100 shares, the short-interest ratio is presently 3.5 days. Approximately 3.1% of the company’s shares are sold short.
NASDAQ AMWD opened at $81.84 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 1.11. American Woodmark has a twelve month low of $53.35 and a twelve month high of $98.48. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.28 and a beta of 2.37. The company’s 50 day moving average price is $79.92.
American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Tuesday, May 28th. The company reported $1.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.01). American Woodmark had a net margin of 5.09% and a return on equity of 19.51%. The firm had revenue of $407.40 million for the quarter, compared to the consensus estimate of $413.45 million. During the same quarter in the prior year, the firm earned $1.64 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, research analysts predict that American Woodmark will post 7.3 EPS for the current year.
Several research firms have recently issued reports on AMWD. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. ValuEngine cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. BidaskClub raised Zillow Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Sidoti set a $105.00 target price on American Woodmark and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Wells Fargo & Co boosted their target price on American Woodmark from $70.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. American Woodmark currently has an average rating of “Hold” and a consensus target price of $100.80.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMWD. Norges Bank bought a new stake in shares of American Woodmark during the fourth quarter valued at approximately $11,294,000. C V Starr & Co. Inc. bought a new stake in shares of American Woodmark during the first quarter valued at approximately $9,420,000. Dimensional Fund Advisors LP boosted its position in shares of American Woodmark by 14.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 861,885 shares of the company’s stock valued at $47,991,000 after purchasing an additional 110,798 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in shares of American Woodmark by 34.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 339,002 shares of the company’s stock valued at $18,876,000 after purchasing an additional 85,944 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in American Woodmark by 2,240.8% in the first quarter. Victory Capital Management Inc. now owns 84,689 shares of the company’s stock worth $6,998,000 after acquiring an additional 81,071 shares in the last quarter. Institutional investors own 94.07% of the company’s stock.
About American Woodmark
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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