American Woodmark Corporation (NASDAQ:AMWD) Short Interest Update

American Woodmark Corporation (NASDAQ:AMWD) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 1,345,134 shares, a growth of 26.7% from the February 26th total of 1,061,483 shares. Based on an average trading volume of 282,449 shares, the days-to-cover ratio is presently 4.8 days. Currently, 9.4% of the company’s stock are short sold.

Analyst Ratings Changes

Several research firms have issued reports on AMWD. Weiss Ratings downgraded shares of American Woodmark from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 13th. Zelman & Associates upgraded American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 target price on the stock in a research report on Friday, February 27th. Finally, Robert W. Baird reduced their target price on American Woodmark from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, February 27th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.33.

Institutional Investors Weigh In On American Woodmark

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in shares of American Woodmark by 32.7% during the first quarter. AQR Capital Management LLC now owns 40,996 shares of the company’s stock worth $2,412,000 after buying an additional 10,098 shares during the period. Millennium Management LLC raised its stake in American Woodmark by 277.0% during the 1st quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock valued at $11,805,000 after acquiring an additional 147,427 shares during the last quarter. Jane Street Group LLC raised its stake in American Woodmark by 132.6% during the 1st quarter. Jane Street Group LLC now owns 50,827 shares of the company’s stock valued at $2,990,000 after acquiring an additional 28,975 shares during the last quarter. Intech Investment Management LLC lifted its position in American Woodmark by 81.5% during the 1st quarter. Intech Investment Management LLC now owns 24,800 shares of the company’s stock worth $1,459,000 after acquiring an additional 11,136 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in American Woodmark by 46.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 65,967 shares of the company’s stock worth $3,521,000 after acquiring an additional 20,913 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

American Woodmark Stock Performance

Shares of AMWD opened at $40.10 on Monday. The company’s 50 day simple moving average is $52.59 and its 200-day simple moving average is $57.27. The firm has a market cap of $584.26 million, a PE ratio of 34.57 and a beta of 1.28. American Woodmark has a 12-month low of $35.51 and a 12-month high of $72.15. The company has a current ratio of 2.37, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.11 by $0.34. The firm had revenue of $324.30 million during the quarter, compared to the consensus estimate of $358.14 million. American Woodmark had a net margin of 1.15% and a return on equity of 6.15%. American Woodmark’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS.

About American Woodmark

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.