Short Interest in American Woodmark Corporation (NASDAQ:AMWD) Increases By 36.6%

American Woodmark Corporation (NASDAQ:AMWD) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 973,642 shares, a growth of 36.6% from the January 29th total of 712,618 shares. Based on an average daily trading volume, of 234,119 shares, the days-to-cover ratio is presently 4.2 days. Approximately 6.8% of the shares of the company are short sold. Approximately 6.8% of the shares of the company are short sold. Based on an average daily trading volume, of 234,119 shares, the days-to-cover ratio is presently 4.2 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMWD shares. Zelman & Associates raised American Woodmark from an “underperform” rating to a “neutral” rating and set a $54.00 price target for the company in a research note on Friday. Robert W. Baird reduced their price objective on shares of American Woodmark from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Woodmark in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, American Woodmark has a consensus rating of “Hold” and a consensus price target of $60.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. bought a new stake in shares of American Woodmark during the 3rd quarter worth $36,000. Advisory Services Network LLC acquired a new position in shares of American Woodmark in the 3rd quarter valued at $57,000. Canada Pension Plan Investment Board purchased a new position in American Woodmark in the 2nd quarter worth about $64,000. CWM LLC increased its stake in American Woodmark by 116.0% in the 2nd quarter. CWM LLC now owns 1,296 shares of the company’s stock worth $69,000 after purchasing an additional 696 shares in the last quarter. Finally, EMC Capital Management acquired a new stake in American Woodmark during the 2nd quarter worth about $109,000. Institutional investors own 95.47% of the company’s stock.

American Woodmark Price Performance

NASDAQ:AMWD opened at $50.01 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 2.37 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $58.56 and its 200 day moving average price is $60.48. American Woodmark has a 52-week low of $47.15 and a 52-week high of $72.15. The firm has a market cap of $728.65 million, a P/E ratio of 43.11 and a beta of 1.28.

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