American Woodmark Co. (NASDAQ:AMWD) Short Interest Down 16.2% in July

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American Woodmark Co. (NASDAQ:AMWD) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 511,100 shares, a decline of 16.2% from the June 30th total of 609,800 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average trading volume of 128,700 shares, the days-to-cover ratio is presently 4.0 days.

Several institutional investors have recently made changes to their positions in AMWD. Norges Bank purchased a new position in shares of American Woodmark in the 4th quarter worth approximately $11,294,000. C V Starr & Co. Inc. purchased a new position in shares of American Woodmark in the 1st quarter worth approximately $9,420,000. Victory Capital Management Inc. boosted its holdings in shares of American Woodmark by 2,240.8% in the 1st quarter. Victory Capital Management Inc. now owns 84,689 shares of the company’s stock worth $6,998,000 after purchasing an additional 81,071 shares during the period. BlackRock Inc. boosted its holdings in shares of American Woodmark by 2.8% in the 2nd quarter. BlackRock Inc. now owns 2,272,522 shares of the company’s stock worth $192,301,000 after purchasing an additional 61,834 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of American Woodmark by 327.9% in the 2nd quarter. Morgan Stanley now owns 73,265 shares of the company’s stock worth $6,200,000 after purchasing an additional 56,143 shares during the period. Hedge funds and other institutional investors own 93.28% of the company’s stock.

Shares of American Woodmark stock opened at $75.85 on Thursday. The stock has a market cap of $1.33 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.20 and a beta of 2.35. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average of $82.73. American Woodmark has a one year low of $53.35 and a one year high of $98.48.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Tuesday, May 28th. The company reported $1.87 EPS for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.01). The company had revenue of $407.40 million during the quarter, compared to analysts’ expectations of $413.45 million. American Woodmark had a return on equity of 19.51% and a net margin of 5.09%. American Woodmark’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 EPS. Equities analysts expect that American Woodmark will post 7.3 EPS for the current year.

A number of analysts have issued reports on AMWD shares. Wells Fargo & Co lifted their price objective on American Woodmark from $70.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 29th. Sidoti set a $105.00 price objective on American Woodmark and gave the stock a “buy” rating in a research note on Friday, May 17th. BidaskClub downgraded American Woodmark from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised American Woodmark from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, ValuEngine downgraded American Woodmark from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. American Woodmark has an average rating of “Hold” and an average target price 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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