American Woodmark (NASDAQ:AMWD) was the recipient of a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 792,736 shares, an increase of 41.2% from the March 15th total of 561,336 shares. Approximately 5.1% of the company’s shares are short sold. Based on an average daily volume of 300,298 shares, the days-to-cover ratio is currently 2.6 days.
A number of equities analysts have issued reports on AMWD shares. Zacks Investment Research cut American Woodmark from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub cut American Woodmark from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 27th. Finally, Longbow Research upgraded American Woodmark from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $140.00.
Shares of AMWD opened at $95.25 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.68 and a debt-to-equity ratio of 1.57. American Woodmark has a 1 year low of $78.75 and a 1 year high of $148.44. The stock has a market cap of $1,648.81, a price-to-earnings ratio of 21.40 and a beta of 1.74.
In other American Woodmark news, insider Steven Cary Dunston sold 500 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $139.25, for a total transaction of $69,625.00. Following the transaction, the insider now owns 46,609 shares in the company, valued at $6,490,303.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder William F. Brandt sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $133.35, for a total value of $1,600,200.00. Following the transaction, the insider now owns 1,743,245 shares in the company, valued at approximately $232,461,720.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,500 shares of company stock valued at $1,785,200. Corporate insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. LS Investment Advisors LLC lifted its holdings in shares of American Woodmark by 88.6% during the 4th quarter. LS Investment Advisors LLC now owns 975 shares of the company’s stock valued at $127,000 after purchasing an additional 458 shares in the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of American Woodmark during the 4th quarter valued at about $205,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of American Woodmark during the 4th quarter valued at about $220,000. Elkfork Partners LLC bought a new position in shares of American Woodmark during the 4th quarter valued at about $237,000. Finally, Parametrica Management Ltd bought a new position in shares of American Woodmark during the 4th quarter valued at about $257,000. Hedge funds and other institutional investors own 75.60% of the company’s stock.
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About American Woodmark
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and home construction markets in the United States. The company offers framed stock cabinets in approximately 514 various cabinet lines, which include 85 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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