Today’s Stock On Watch: Why London Co Of Virginia Reported Big Armstrong World Industries Inc Position?

Today's Stock On Watch: Why London Co Of Virginia Reported Big Armstrong World Industries Inc Position?

The New London Co Of Virginia Holding in Armstrong World Industries Inc

London Co Of Virginia filed with the SEC SC 13G form for Armstrong World Industries Inc. The form can be accessed here: 000139834416020452. As reported in London Co Of Virginia’s form, the filler as of late owns 5.63% or 3,105,331 shares of the Industrials–company.

Armstrong World Industries Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows London Co Of Virginia’s positive view for the stock.

Armstrong World Industries Inc Institutional Sentiment

Latest Security and Exchange filings show 171 investors own Armstrong World Industries Inc. The institutional ownership in Q3 2015 is high, at 113.89% of the outstanding shares. This is increased by 8553243 the total institutional shares. 62858403 were the shares owned by these institutional investors. In total 25 funds opened new Armstrong World Industries Inc stakes, 77 increased stakes. There were 16 that closed positions and 47 reduced them.

5 managers had the stock in their top Ten. Notable investors are: Stockbridge Partners Llc, Kortright Capital Partners Lp, Moab Capital Partners Llc, Valueact Holdings L.P…

Masroor Siddiqui Naya Management Llp is an institutional investor bullish on Armstrong World Industries Inc, owning 1842642 shares as of Q3 2015 for 4.77% of its portfolio. Bryant Regan Lafitte Capital Management Lp owns 210000 shares or 7.49% of its portfolio. V8 Gvo Asset Management Ltd have 4.66% of their stock portfolio for 972285 shares. Further, 13D Management Llc reported stake worth 5.92% of its US stock portfolio. The WI Fiduciary Management Inc owns 1331973 shares. Armstrong World Industries Inc is 0.35% of the manager’s US portfolio.

Business Profile

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 designs, manufactures, sources and sells a range of floor coverings primarily for homes and commercial and institutional buildings; Wood Flooring segment, which designs, manufactures, sources and sells hardwood flooring products for use in new residential construction and renovation, with some commercial applications in stores, restaurants and high-end offices, and Unallocated Corporate. Its brands include Armstrong, Alterna, BBT, BioBased Tile, BioGuard, Bruce, Cirrus, Dune, Excelon, Huiyi, Imperial, Initiator, Laurel, Luxe Plank, Medintech, MetalWorks, Optima and Perla.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.33, from 1.34 in 2016Q1. The ratio fall, as 35 funds sold all Armstrong World Industries Inc shares owned while 44 reduced positions. 21 funds bought stakes while 59 increased positions. They now own 53.97 million shares or 2.46% more from 52.68 million shares in 2016Q1.

Manufacturers Life Insur The accumulated 1,487 shares or 0% of the stock. Hbk Investments L P reported 7,800 shares or 0% of all its holdings. Oregon Employees Retirement Fund, a Oregon-based fund reported 10,131 shares. First Eagle Mgmt Limited Liability Com holds 0.1% or 1.00M shares in its portfolio. Amalgamated National Bank owns 5,610 shares or 0.01% of their US portfolio. Princeton Alpha Mgmt L P last reported 0.19% of its portfolio in the stock. Skylands Cap Ltd Liability has invested 0.18% of its portfolio in Armstrong World Industries Inc (NYSE:AWI). Frontier Cap Mgmt Ltd Limited Liability Company, a Massachusetts-based fund reported 265,196 shares. Tdam Usa has invested 0.07% of its portfolio in Armstrong World Industries Inc (NYSE:AWI). Epoch Investment Prtnrs has 953,223 shares for 0.14% of their US portfolio. Geode Cap Mgmt Ltd Liability Co owns 297,107 shares or 0.01% of their US portfolio. Carroll Fincl Associates has 0% invested in the company for 33 shares. Moreover, Metropolitan Life Ny has 0% invested in Armstrong World Industries Inc (NYSE:AWI) for 1,373 shares. 40 North, a New York-based fund reported 166,254 shares. Swiss Bank accumulated 0% or 70,000 shares.

Insider Transactions: Since August 15, 2016, the stock had 1 buying transaction, and 1 sale for $3,109 net activity. $99,221 worth of Armstrong World Industries Inc (NYSE:AWI) shares were bought by TEMPLIN ROY W. 2,274 shares with value of $102,330 were sold by McNamara Stephen F on Monday, August 15.

About 464,782 shares traded hands. Armstrong World Industries Inc (NYSE:AWI) has declined 11.34% since April 5, 2016 and is downtrending. It has underperformed by 13.30% the S&P500.

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 has a market cap of $2.11 billion. The Firm operates in four divisions: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which designs, makes, sources and sells a range of floor coverings primarily for homes and commercial and institutional buildings; Wood Flooring segment, which designs, makes, sources and sells hardwood flooring products for use in new residential construction and renovation, with some commercial applications in stores, restaurants and high-end offices, and Unallocated Corporate. It has a 39.18 P/E ratio.

Armstrong World Industries Inc (NYSE:AWI) Ratings Coverage

Out of 12 analysts covering Armstrong World Industries (NYSE:AWI), 4 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 33% are positive. $66 is the highest target while $43 is the lowest. The $51 average target is 34.49% above today’s ($37.92) stock price. Armstrong World Industries has been the topic of 15 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Tuesday, October 13, the company rating was maintained by Barclays Capital. The rating was maintained by Citigroup on Monday, May 16 with “Neutral”. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Friday, August 5. The stock has “Underperform” rating given by Bank of America on Friday, September 23. The firm earned “Buy” rating on Wednesday, August 5 by Deutsche Bank. Macquarie Research maintained Armstrong World Industries Inc (NYSE:AWI) rating on Friday, October 23. Macquarie Research has “Outperform” rating and $66 price target. The rating was reinitiated by Piper Jaffray with “Neutral” on Monday, May 16. The firm has “Neutral” rating by JP Morgan given on Tuesday, February 23. As per Monday, May 16, the company rating was maintained by JP Morgan. The firm has “Buy” rating given on Wednesday, January 27 by BB&T Capital.

More news for Armstrong World Industries Inc (NYSE:AWI) were recently published by: Prnewswire.com, which released: “Armstrong World Industries Reports First Quarter 2016 Results” on May 09, 2016. Finance.Yahoo.com‘s article titled: “Roy W. Templin Joins Armstrong World Industries Board of Directors” and published on September 15, 2016 is yet another important article.

According to Zacks Investment Research, “ARMSTRONG WORLD INDUSTRIES INC is a global leader in the design and manufacture of floors, ceilings and cabinets. Armstrongs consolidated net sales totaled approximately $3.5 billion. Based in Lancaster,Armstrong operates Forty plants in ten countries.”

AWI Company Profile

Armstrong World Industries, Inc. (AWI), incorporated on December 30, 1891, is a producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The Firm operates in four divisions: Building Products, Resilient Flooring, Wood Flooring and Unallocated Corporate. AWI designs, makes and sells flooring products, such as resilient and wood, and ceiling systems, such as mineral fiber, fiberglass and metal around the world. It caters to retailers, builders, contractors, installers, and to subcontractors’ alliances, architect and design firms and major facility owners. The Company’s brands include Armstrong, Alterna, American Scrape, BBT, BioBased Tile, BioGuard, Bruce, Cirrus, Cortega, Dundee, Dune, Excelon, Huiyi, Humiguard, Imperial, Initiator, Laurel, Lock & Fold, Luxe Plank, Manchester, Medintech, Memories, MetalWorks, Natural Creations, Optima, Perla, Plano, Stonetex, Station Square, StrataMax, Timberline, ToughGuard, Ultima and WoodWorks.

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