American Woodmark Corporation (NASDAQ:AMWD) Short Interest Update

American Woodmark Corporation (NASDAQ:AMWD) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 795,481 shares, a decrease of 18.4% from the November 30th total of 975,329 shares. Based on an average daily trading volume, of 268,900 shares, the days-to-cover ratio is presently 3.0 days. Currently, 5.6% of the company’s shares are sold short. Currently, 5.6% of the company’s shares are sold short. Based on an average daily trading volume, of 268,900 shares, the days-to-cover ratio is presently 3.0 days.

American Woodmark Stock Performance

Shares of AMWD opened at $53.85 on Wednesday. The company has a 50-day simple moving average of $56.27 and a two-hundred day simple moving average of $59.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.15 and a quick ratio of 1.11. The firm has a market capitalization of $784.59 million, a PE ratio of 12.76 and a beta of 1.28. American Woodmark has a one year low of $47.15 and a one year high of $83.72.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, November 25th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.44). The firm had revenue of $394.64 million for the quarter, compared to analysts’ expectations of $410.62 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The firm’s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the company posted $2.08 EPS.

Hedge Funds Weigh In On American Woodmark

Institutional investors and hedge funds have recently made changes to their positions in the business. EP Wealth Advisors LLC increased its position in American Woodmark by 30.3% during the 1st quarter. EP Wealth Advisors LLC now owns 4,057 shares of the company’s stock valued at $239,000 after buying an additional 943 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of American Woodmark by 36.6% in the second quarter. Pzena Investment Management LLC now owns 1,148,331 shares of the company’s stock worth $61,286,000 after acquiring an additional 307,657 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of American Woodmark in the second quarter worth $255,000. US Bancorp DE increased its holdings in shares of American Woodmark by 21.1% during the second quarter. US Bancorp DE now owns 22,542 shares of the company’s stock valued at $1,203,000 after acquiring an additional 3,921 shares in the last quarter. Finally, Systematic Financial Management LP raised its position in shares of American Woodmark by 7.3% in the 2nd quarter. Systematic Financial Management LP now owns 391,562 shares of the company’s stock worth $20,898,000 after purchasing an additional 26,633 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMWD. Robert W. Baird cut their price target on shares of American Woodmark from $67.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.50.

American Woodmark Company Profile

American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark’s products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels.

Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.