Stockbridge Partners buys $162,324,603 stake in Armstrong World Industries (AWI)

Armstrong World Industries (AWI) : Stockbridge Partners scooped up 304,799 additional shares in Armstrong World Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 4,042,954 shares of Armstrong World Industries which is valued at $162,324,603.Armstrong World Industries makes up approximately 8.22% of Stockbridge Partners’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp reduced its stake in AWI by selling 235,200 shares or 66.79% in the most recent quarter. The Hedge Fund company now holds 116,950 shares of AWI which is valued at $4,695,543. Armstrong World Industries makes up approx 0.02% of Two Sigma Advisers Lp’s portfolio.Epoch Investment Partners reduced its stake in AWI by selling 29,281 shares or 3.07% in the most recent quarter. The Hedge Fund company now holds 923,942 shares of AWI which is valued at $36,403,315. Armstrong World Industries makes up approx 0.14% of Epoch Investment Partners’s portfolio.Comerica Bank boosted its stake in AWI in the latest quarter, The investment management firm added 28,812 additional shares and now holds a total of 106,876 shares of Armstrong World Industries which is valued at $4,210,914. Armstrong World Industries makes up approx 0.04% of Comerica Bank’s portfolio.Tiaa Cref Investment Management boosted its stake in AWI in the latest quarter, The investment management firm added 80,645 additional shares and now holds a total of 143,950 shares of Armstrong World Industries which is valued at $5,340,545.Blackrock Fund Advisors boosted its stake in AWI in the latest quarter, The investment management firm added 23,007 additional shares and now holds a total of 465,423 shares of Armstrong World Industries which is valued at $17,267,193.

Armstrong World Industries closed down -0.15 points or -0.37% at $40.85 with 3,51,401 shares getting traded on Monday. Post opening the session at $41.05, the shares hit an intraday low of $40.5 and an intraday high of $41.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Armstrong World Industries reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.74. The company had revenue of $334.90 million for the quarter, compared to analysts expectations of $343.11 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Armstrong World Industries. BofA/Merrill Resumed Armstrong World Industries on Sep 23, 2016 to “Underperform”, Price Target of the shares are set at $38.

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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