American Woodmark Co. (NASDAQ:AMWD) Sees Significant Drop in Short Interest

American Woodmark Co. (NASDAQ:AMWD) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 476,600 shares, a drop of 17.6% from the May 30th total of 578,600 shares. Based on an average trading volume of 138,100 shares, the short-interest ratio is presently 3.5 days. Currently, 3.1% of the shares of the company are short sold.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of American Woodmark in the first quarter valued at approximately $27,000. Nisa Investment Advisors LLC increased its stake in American Woodmark by 312.5% in the second quarter. Nisa Investment Advisors LLC now owns 330 shares of the company’s stock valued at $28,000 after acquiring an additional 250 shares during the last quarter. Versant Capital Management Inc increased its stake in American Woodmark by 533.3% in the first quarter. Versant Capital Management Inc now owns 418 shares of the company’s stock valued at $34,000 after acquiring an additional 352 shares during the last quarter. Advisory Services Network LLC bought a new position in American Woodmark in the first quarter valued at approximately $70,000. Finally, Bank of Montreal Can increased its stake in American Woodmark by 11.0% in the first quarter. Bank of Montreal Can now owns 1,263 shares of the company’s stock valued at $104,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 94.07% of the company’s stock.

NASDAQ AMWD opened at $84.67 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 1.11. American Woodmark has a 1-year low of $53.35 and a 1-year high of $98.48. The company has a 50 day simple moving average of $79.91. The firm has a market capitalization of $1.43 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.29 and a beta of 2.37.



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 analysts’ consensus estimates of $1.88 by ($0.01). American Woodmark had a net margin of 5.09% and a return on equity of 19.51%. The business had revenue of $407.40 million during the quarter, compared to analyst estimates of $413.45 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. Research analysts predict that American Woodmark will post 7.3 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. BidaskClub upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Sidoti set a $105.00 price objective on shares of American Woodmark and gave the stock a “buy” rating in a research report on Friday, May 17th. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 31st. Finally, Wells Fargo & Co raised their price objective on shares of American Woodmark from $70.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. American Woodmark currently has a consensus rating of “Hold” and a consensus price target of $100.80.

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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