American Woodmark Corporation (NASDAQ:AMWD) Sees Significant Decrease in Short Interest
by Mitch Edgeman · The Markets DailyAmerican Woodmark Corporation (NASDAQ:AMWD – Get Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 795,481 shares, a drop of 18.4% from the November 30th total of 975,329 shares. Approximately 5.6% of the company’s shares are short sold. Based on an average daily volume of 268,900 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily volume of 268,900 shares, the days-to-cover ratio is presently 3.0 days. Approximately 5.6% of the company’s shares are short sold.
Wall Street Analyst Weigh In
AMWD has been the topic of several research analyst reports. Robert W. Baird dropped their price objective on American Woodmark from $67.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of American Woodmark in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $64.50.
View Our Latest Stock Report on American Woodmark
Institutional Investors Weigh In On American Woodmark
Institutional investors have recently bought and sold shares of the company. EP Wealth Advisors LLC boosted its holdings in shares of American Woodmark by 30.3% in 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 during the last quarter. Pzena Investment Management LLC increased its holdings in American Woodmark by 36.6% during the second quarter. Pzena Investment Management LLC now owns 1,148,331 shares of the company’s stock worth $61,286,000 after buying an additional 307,657 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in American Woodmark during the second quarter worth $255,000. US Bancorp DE raised its position in American Woodmark by 21.1% during the second quarter. US Bancorp DE now owns 22,542 shares of the company’s stock worth $1,203,000 after acquiring an additional 3,921 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in American Woodmark by 7.3% in the second quarter. Systematic Financial Management LP now owns 391,562 shares of the company’s stock valued at $20,898,000 after acquiring an additional 26,633 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.
American Woodmark Price Performance
Shares of NASDAQ AMWD opened at $53.90 on Thursday. The firm has a market cap of $785.32 million, a PE ratio of 12.77 and a beta of 1.28. The company has a current ratio of 2.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39. American Woodmark has a 1-year low of $47.15 and a 1-year high of $83.72. The company has a fifty day moving average price of $56.05 and a 200 day moving average price of $59.25.
American Woodmark (NASDAQ:AMWD – Get Free Report) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.44). The firm had revenue of $394.64 million during the quarter, compared to analyst estimates of $410.62 million. American Woodmark had a net margin of 3.94% and a return on equity of 7.13%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.08 EPS.
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.