American Woodmark Co. (NASDAQ:AMWD) Short Interest Down 8.5% in March

American Woodmark Co. (NASDAQ:AMWD) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 474,100 shares, a decline of 8.5% from the February 29th total of 518,300 shares. Based on an average trading volume of 109,200 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.0% of the company’s shares are short sold.

Hedge Funds Weigh In On American Woodmark

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of American Woodmark by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 1,691,081 shares of the company’s stock worth $157,017,000 after purchasing an additional 74,371 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of American Woodmark by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,206,036 shares of the company’s stock worth $111,981,000 after purchasing an additional 69,101 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of American Woodmark by 9.3% during the 1st quarter. Wellington Management Group LLP now owns 1,184,109 shares of the company’s stock worth $57,962,000 after purchasing an additional 100,455 shares in the last quarter. State Street Corp boosted its position in shares of American Woodmark by 0.6% during the 2nd quarter. State Street Corp now owns 613,870 shares of the company’s stock worth $46,881,000 after purchasing an additional 3,959 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of American Woodmark by 49.6% during the 4th quarter. Pacer Advisors Inc. now owns 553,337 shares of the company’s stock worth $51,377,000 after purchasing an additional 183,336 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $101.66 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $95.32 and a two-hundred day moving average price of $85.15. American Woodmark has a 1-year low of $47.98 and a 1-year high of $104.28. The company has a market cap of $1.61 billion, a P/E ratio of 14.02 and a beta of 1.73.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results on Thursday, February 29th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.53. The firm had revenue of $422.10 million during the quarter, compared to the consensus estimate of $394.56 million. American Woodmark had a return on equity of 16.72% and a net margin of 6.38%. The business’s revenue was down 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. As a group, analysts anticipate that American Woodmark will post 8.72 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AMWD. Robert W. Baird boosted their target price on shares of American Woodmark from $120.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Deutsche Bank Aktiengesellschaft raised shares of American Woodmark from a “sell” rating to a “hold” rating and upped their price target for the company from $57.00 to $88.00 in a research report on Friday, December 8th. Finally, StockNews.com downgraded American Woodmark from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $93.25.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.