Armstrong World Industries (AWI) : Kortright Capital Partners Lp added new position in Armstrong World Industries during the most recent quarter end. The investment management firm now holds 110,000 shares of Armstrong World Industries which is valued at $4.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Armstrong World Industries makes up approximately 7.15% of Kortright Capital Partners Lp’s portfolio.
Other Hedge Funds, Including , Levin Capital Strategies boosted its stake in AWI in the latest quarter, The investment management firm added 144,573 additional shares and now holds a total of 328,993 shares of Armstrong World Industries which is valued at $13.4 Million. Armstrong World Industries makes up approx 0.24% of Levin Capital Strategies’s portfolio.Landscape Capital Management L.l.c. reduced its stake in AWI by selling 1,778 shares or 20.39% in the most recent quarter. The Hedge Fund company now holds 6,942 shares of AWI which is valued at $282,887. Armstrong World Industries makes up approx 0.03% of Landscape Capital Management L.l.c.’s portfolio.Blackrock Advisors reduced its stake in AWI by selling 485 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 19,903 shares of AWI which is valued at $811,047.Teachers Advisors Inc boosted its stake in AWI in the latest quarter, The investment management firm added 1,591 additional shares and now holds a total of 33,174 shares of Armstrong World Industries which is valued at $1.4 Million.Aperio Group boosted its stake in AWI in the latest quarter, The investment management firm added 1,354 additional shares and now holds a total of 10,496 shares of Armstrong World Industries which is valued at $428,342.
Armstrong World Industries opened for trading at $41.1 and hit $41.68 on the upside on Wednesday, eventually ending the session at $41.61, with a gain of 1.74% or 0.71 points. The heightened volatility saw the trading volume jump to 6,83,532 shares. Company has a market cap of $2,309 M.
On the company’s financial health, Armstrong World Industries reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.42. The company had revenue of $571.80 million for the quarter, compared to analysts expectations of $561.54 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Armstrong World Industries. Armstrong World Industries was Resumed by JP Morgan to “Neutral” on May 16, 2016. Shares were Reiterated by Barclays on May 10, 2016 to “Underweight” and Lowered the Price Target to $ 39 from a previous price target of $45 .
Armstrong World Industries Inc. is a producer of flooring products and ceiling systems for use in the construction and renovation of residential commercial and institutional buildings. The Company operates in four segments: Building Products which produces suspended mineral fiber soft fiber and metal ceiling systems for use in commercial institutional and residential settings; Resilient Flooring which produces and sources a range of floor coverings for homes and commercial and institutional buildings and Wood Flooring segment produces and sources wood flooring products for use in new residential construction and renovation with commercial applications in stores restaurants and high-end offices. Its brands include Armstrong Alterna BBT BioBased Tile BioGuard Bruce Cirrus Dune Excelon Huiyi Imperial Initiator Laurel Luxe Plank Medintech MetalWorks Optima Perla Plano Stonetex Station Square ToughGuard Ultima and WoodWorks among others.