Traders are a little more bearish on the company recently if you watch the motion in short interest. The stock had a rise in short interest of 16.20% between September 29, 2017 and October 13, 2017. Short interest increased from 272,962 to 317,190 over that period. With short interest at 317,190 and short average daily volume at 67,666, days to cover is 5.0 and the percentage of shorted shares is 0.02% as of October 13.
There has been some selling insider activity on American Woodmark Corporation (NASDAQ:AMWD) recently. Vance W. Tang, Director sold $153,085 worth of shares at an average price of $90.05 on Fri the 15th. Tang now owns $1,005,859 of stock per an SEC filing yesterday.
These firms have modified their investment in AMWD. As of quarter end Pictet Asset Management Ltd had acquired 14,444 shares growing its stake by 55.4%. The value of the total investment in American Woodmark Corporation went from $2,422,000 to $3,902,000 increasing 61.1% since the last quarter. Aperio Group, LLC downsized its holdings by shedding 276 shares a decrease of 7.7% from 06/30/2017 to 09/30/2017. Aperio Group, LLC claims 3,318 shares worth $319,000. The total value of its holdings decreased 7.0%.
As of the end of the quarter Raymond James Financial Services Advisors, Inc. had bought a total of 72 shares growing its position 1.2%. The value of the investment in (AMWD) increased from $595,000 to $606,000 a change of $11,000 quarter over quarter. As of the end of the quarter Simplex Trading, LLC had disposed of a total of 39 shares trimming its holdings by 12.3%. The value of the investment in AMWD went from $30,000 to $26,000 a change of 13.3% quarter to quarter.
In the market the company is trading down since yesterday’s close of $96.60. The stock last traded at $96.60 which is just a bit higher than the 50 day moving average which is $94.85 and just above the 200 day moving average of $93.23. The 50 day moving average went up $1.75 or +1.84% whereas the 200 day average was up by +3.61%.
American Woodmark Corporation currently has a P/E ratio of 22.05 and the market cap of the company is 1.57B. As of the latest earnings report the EPS was $4.38 and is projected to be $4.91 for the current year with 16,249,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.99 with next year’s EPS anticipated to be $5.36.
American Woodmark Corporation, launched on March 25, 1983, manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces. The product offering of stock cabinets includes approximately 90 door designs in over 20 colors. Stock cabinets consist of cabinet interiors of varying dimensions and construction options, and a maple, oak, cherry, or hickory front frame, door and/or drawer front. The Business’s products are sold under the brand names of American Woodmark, Simply Woodmark, Timberlake, Shenandoah Cabinetry, Shenandoah Value Series and Waypoint Living Spaces..