Polar Asset Management Partners Inc. Makes New $5.26 Million Investment in American Woodmark Co. (NASDAQ:AMWD)

Polar Asset Management Partners Inc. acquired a new position in American Woodmark Co. (NASDAQ:AMWD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 56,300 shares of the company’s stock, valued at approximately $5,261,000.

A number of other hedge funds have also recently made changes to their positions in AMWD. Pzena Investment Management LLC lifted its holdings in shares of American Woodmark by 59.1% in the 3rd quarter. Pzena Investment Management LLC now owns 483,562 shares of the company’s stock worth $45,189,000 after acquiring an additional 179,644 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of American Woodmark by 18.2% in the 2nd quarter. Pacer Advisors Inc. now owns 843,195 shares of the company’s stock worth $66,275,000 after acquiring an additional 129,692 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of American Woodmark by 294.9% in the 2nd quarter. Renaissance Technologies LLC now owns 139,001 shares of the company’s stock worth $10,925,000 after acquiring an additional 103,801 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of American Woodmark in the 3rd quarter worth approximately $9,195,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of American Woodmark in the 2nd quarter worth approximately $6,602,000. 95.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMWD. Loop Capital lowered their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Robert W. Baird upped their price target on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Wolfe Research upgraded shares of American Woodmark from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Woodmark currently has an average rating of “Moderate Buy” and a consensus price target of $107.50.

American Woodmark Stock Down 1.9 %

Shares of NASDAQ AMWD opened at $88.34 on Thursday. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. American Woodmark Co. has a 12 month low of $76.57 and a 12 month high of $106.57. The firm has a market capitalization of $1.33 billion, a PE ratio of 13.20 and a beta of 1.59. The firm has a fifty day simple moving average of $94.40 and a two-hundred day simple moving average of $90.16.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.29). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $452.50 million during the quarter, compared to the consensus estimate of $458.29 million. During the same quarter last year, the company posted $2.36 earnings per share. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year.

Insiders Place Their Bets

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $90.95, for a total value of $318,325.00. Following the completion of the transaction, the chief executive officer now directly owns 109,932 shares in the company, valued at approximately $9,998,315.40. This represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 10,500 shares of company stock worth $958,090. 1.30% of the stock is currently owned by corporate insiders.

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.