Short Interest Coverage: Armstrong World Industries Incorporated (NYSE:AWI) Reports Increase in Sellers; Strong Momentum for Short Players

November 23, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Coverage: Armstrong World Industries Incorporated (NYSE:AWI) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Armstrong World Industries Incorporated (NYSE:AWI) registered an increase of 8.07% in short interest. AWI’s total short interest was 5.35 million shares in November as published by FINRA. Its up 8.07% from 4.95 million shares, reported previously. With 772,200 shares average volume, it will take short sellers 7 days to cover their AWI’s short positions. The short interest to Armstrong World Industries Incorporated’s float is 16.05%. About 155,316 shares traded hands. Armstrong World Industries Inc (NYSE:AWI) has declined 2.41% since April 21, 2016 and is downtrending. It has underperformed by 7.74% 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 $2.31 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 43.03 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 1.05 in Q2 2016. Its up 0.04, from 1.01 in 2016Q1. The ratio is positive, 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.
Comml Bank Of America Corp De owns 331,634 shares or 0% of their US portfolio. The Texas-based Lafitte Capital Mgmt Limited Partnership has invested 1.93% in Armstrong World Industries Inc (NYSE:AWI). First Eagle Invest Limited Liability Company, a New York-based fund reported 1.00 million shares. California Employees Retirement Sys has 0.02% invested in the company for 244,100 shares. Iridian Asset Mgmt Ltd Liability Ct holds 1.41% of its portfolio in Armstrong World Industries Inc (NYSE:AWI) for 3.90 million shares. Frontier Mgmt Com Ltd Liability Com has invested 0.09% of its portfolio in Armstrong World Industries Inc (NYSE:AWI). Jpmorgan Chase Com owns 89,813 shares or 0% of their US portfolio. Massachusetts Fincl Services Ma has 0.03% invested in the company for 1.39M shares. Nationwide Fund Advsrs last reported 0.01% of its portfolio in the stock. Moreover, Metropolitan Life Insur New York has 0% invested in Armstrong World Industries Inc (NYSE:AWI) for 1,373 shares. Legal & General Gp Public Ltd Company accumulated 62,585 shares or 0% of the stock. Moreover, Levin Capital Strategies L P has 0.27% invested in Armstrong World Industries Inc (NYSE:AWI) for 387,428 shares. Tiaa Cref Investment Mgmt Limited Com last reported 63,305 shares in the company. The Wisconsin-based Fiduciary Mgmt Wi has invested 0.34% in Armstrong World Industries Inc (NYSE:AWI). Parametric Port Limited Liability owns 209,121 shares or 0.01% of their US portfolio.

Insider Transactions: Since August 15, 2016, the stock had 1 insider purchase, and 1 sale for $3,109 net activity. TEMPLIN ROY W bought 2,670 shares worth $99,221. McNamara Stephen F had sold 2,274 shares worth $102,330.

Armstrong World Industries Inc (NYSE:AWI) Ratings Coverage

Out of 13 analysts covering Armstrong World Industries (NYSE:AWI), 5 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 38% are positive. Armstrong World Industries has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zelman to “Hold” on Tuesday, November 1. Piper Jaffray reinitiated Armstrong World Industries Inc (NYSE:AWI) on Monday, May 16 with “Neutral” rating. The firm earned “Buy” rating on Wednesday, August 5 by Deutsche Bank. On Tuesday, October 13 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Macquarie Research maintained the shares of AWI in a report on Friday, October 23 with “Outperform” rating. JP Morgan maintained the shares of AWI in a report on Monday, May 16 with “Neutral” rating. RBC Capital Markets maintained the shares of AWI in a report on Tuesday, November 1 with “Sector Perform” rating. The rating was maintained by JP Morgan with “Neutral” on Tuesday, February 23. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, July 31. The stock has “Overweight” rating given by KeyBanc Capital Markets on Friday, August 5.

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.

More news for Armstrong World Industries Inc (NYSE:AWI) were recently published by: Finance.Yahoo.com, which released: “Roy W. Templin Joins Armstrong World Industries Board of Directors” on September 15, 2016. Prnewswire.com‘s article titled: “Research Reports Initiation on Industrial Goods Stocks — Beacon Roofing …” and published on October 25, 2016 is yet another important article.

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By Clifton Ray


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