Jeff Ubben's activist investment firm ValueAct Capital has filed a 13D and a Form 4 with the SEC regarding its stake in Armstrong World Industries (AWI). Per the filing, ValueAct now owns 12.9% of the company with 6.85 million shares.
The Form 4 notes they sold 2.35 million shares on March 12th at $59.60 per share. We've also highlighted other recent portfolio activity from ValueAct here.
Per Google Finance, Armstrong World Industries is "a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings. Its geographical segments include Americas (including Canada); Europe, Middle East and Africa (including Russia) (EMEA), and Pacific Rim. As of December 31, 2016, it had 15 manufacturing plants in eight countries, including six plants located throughout the United States. Its Americas segment sells products for use in single and multi-family housing. It sells commercial products to building materials distributors re-selling its products to contractors, subcontractors' alliances, architect and design firms, and facility owners. Residential ceiling products are sold in the Americas primarily to wholesalers and retailers."
Thursday, March 15, 2018
ValueAct Capital Reduces Armstrong World Industries Exposure
Friday, February 13, 2015
Free Sample Of Our Hedge Fund Wisdom Newsletter: New Issue Out In One Week
As 13F filings start to roll in, a brand new issue of our Hedge Fund Wisdom newsletter will be released in one week. In the mean time, check out what you've been missing out on. Embedded below is a free full past issue.
It features equity analysis on two popular hedge fund bets: Allison Transmission (ALSN) and Armstrong World Industries (AWI). It also shows you our newsletter format with consensus buy/sell lists, individual manager commentary, and of course the 13F filing summaries.
Free Sample Issue: Click here to download a .pdf version
Sign Up Below To Receive Next Week's New Issue
A brand new issue will be released next week. Sign up now so you don't miss it!
1-Year Subscription (4 issues): $299.99 per year
Quarterly Subscription: $89.99 per quarter
Want to pay by check or soft dollar account? Email us: info (at) hedgefundwisdom (dot) com
Tuesday, August 12, 2014
Eton Park Capital Starts Armstrong World Industries Position
Eric Mindich's hedge fund firm Eton Park Capital has filed a 13G with the SEC regarding shares of Armstrong World Industries (AWI). Per the filing, Eton Park now owns 6.69% of the company with over 3.66 million shares.
This is a newly disclosed equity position for the hedge fund and the filing was made due to activity on August 1st.
Eton Park is now the second major hedge fund to recently reveal a stake in the company as Jeff Ubben's ValueAct Capital took an AWI stake as well.
Per Google Finance, Armstrong World Industries is "a global producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures and sells flooring products (resilient and wood) and ceiling systems (mineral fiber, fiberglass and metal) globally. The Company segments includes: Building Products, Resilient Flooring and Wood Flooring. The Company’s Building Products, Resilient Flooring, Wood Flooring and Cabinets segments sell products for use in the home. Its products are used in new home construction and existing home renovation work. Its products, primarily ceilings and Resilient Flooring, are used in commercial and institutional buildings."
