Eos Focused Equity Management buys $4,111,633 stake in Armstrong World Industries (AWI)

Armstrong World Industries (AWI) : Eos Focused Equity Management scooped up 34,104 additional shares in Armstrong World Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 92,334 shares of Armstrong World Industries which is valued at $4,111,633.Armstrong World Industries makes up approximately 4.17% of Eos Focused Equity Management’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in AWI in the latest quarter, The investment management firm added 2,104 additional shares and now holds a total of 43,514 shares of Armstrong World Industries which is valued at $1,937,678. Princeton Alpha Management Lp added AWI to its portfolio by purchasing 26,823 company shares during the most recent quarter which is valued at $1,185,308. Armstrong World Industries makes up approx 0.20% of Princeton Alpha Management Lp’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in AWI in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 10,131 shares of Armstrong World Industries which is valued at $439,888. Armstrong World Industries makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.California State Teachers Retirement System boosted its stake in AWI in the latest quarter, The investment management firm added 16,783 additional shares and now holds a total of 100,874 shares of Armstrong World Industries which is valued at $4,379,949. Armstrong World Industries makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Quantitative Systematic Strategies sold out all of its stake in AWI during the most recent quarter. The investment firm sold 32,321 shares of AWI which is valued $1,372,673.

Armstrong World Industries closed down -1.59 points or -3.49% at $43.92 with 9,55,752 shares getting traded on Wednesday. Post opening the session at $45.33, the shares hit an intraday low of $43.47 and an intraday high of $45.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Armstrong World Industries reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.50. The company had revenue of $314.30 million for the quarter, compared to analysts expectations of $310.89 million. The company’s revenue was down -50.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Armstrong World Industries. Armstrong World Industries was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Aug 5, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .Armstrong World Industries was Downgraded by Goldman to ” Sell” on Jul 12, 2016.

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.

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