Armstrong World Industries Inc

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    Company & Industry Overviews

    Topeka Capital Rated Mohawk Industries as ‘Hold’

    Topeka Capital has initiated the coverage of Mohawk Industries with a “hold” rating. It also set the stock price target at $185.00 per share.

    By Gabriel Kane
  • Consumer

    Why Armstrong World Industries’ profits drop in 2Q

    Armstrong World Industries stock fell at the end of last month. Its 2Q14 earnings and revenue fell short of analysts’ expectations. Revenue was up 0.5% to $710 million compared to the same quarter last year. Adjusted diluted earnings per share (or EPS) fell 1% to $0.60. Net income declined 31.4% to $21 million.

    By Samantha Nielson
  • Consumer

    Why higher costs and charges impact Armstrong’s business segments

    Resilient Flooring net sales in the second quarter and first six months of 2014 declined 2%. Net sales were driven by lower volume in the Americas and Europe. Operating income also declined.

    By Samantha Nielson
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    Financials

    Must-know: Eton Park sells stake in Moody’s

    Eton Park exited a position in Moody’s Corp (MCO) that accounted for 2.7% of the fund’s first quarter portfolio.

    By Samantha Nielson
  • Healthcare

    Eton Park opens new position in AerCap Holdings

    Eton Park started a new position in AerCap Holdings (AER) that accounts for 1.39% of the fund’s second quarter portfolio.

    By Samantha Nielson
  • Consumer

    Why Armstrong World Industries lowers full year guidance

    Shares fell at the end of July because of the company’s lackluster outlook. The outlook was based on the market activity in May and June. It was also based on the recent downward revisions to gross domestic product (or GDP). AWI lowered its full year guidance for sales by $100 million.

    By Samantha Nielson
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    Consumer

    ValueAct raises its position in Allison Transmission Holdings

    Allison Transmission posted a 19% increase in net sales in 3Q14, to $553 million. This increase was partially offset by previously confirmed reductions in US defense spending.

    By Samantha Nielson
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    Consumer

    ValueAct gets seat on Armstrong World Industries’ board

    While Armstrong’s 3Q14 results beat estimates, its consolidated net sales fell slightly compared to 3Q13, due to lower volumes in Europe and lower sales of resilient and wood flooring in the Americas.

    By Samantha Nielson
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    Company & Industry Overviews

    Barclays Rated Mohawk Industries as ‘Overweight’

    Mohawk Industries rose 0.04% to close at $204.44 per share on January 6, 2017. Its weekly, monthly, and YTD price movements were 1.1%, 4.8%, and 2.4%.

    By Gabriel Kane
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    Earnings Report

    A Look at Mohawk Industries’s 3Q16 Earnings

    Mohawk Industries (MHK) has a market cap of $14.3 billion. It rose 7.8% to close at $190.75 per share on November 4, 2016.

    By Gabriel Kane
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    Company & Industry Overviews

    Bank of America/Merrill Lynch Upgrades Mohawk Industries

    On October 12, 2016, Bank of America/Merrill Lynch upgraded Mohawk Industries’ rating to a “buy” from “neutral.”

    By Gabriel Kane
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    Company & Industry Overviews

    Wells Fargo Rates Mohawk Industries as ‘Market Perform’

    Price movement Mohawk Industries (MHK) has a market cap of $14.8 billion. It fell 1.3% to close at $198.86 per share on September 29, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -3.8%, -6.1%, and 5.0%, respectively, on the same day. MHK is trading 4.2% below its 20-day moving average, 4.6% […]

    By Gabriel Kane
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    Company & Industry Overviews

    Bank of America Merrill Lynch Rates Mohawk Industries ‘Neutral’

    Price movement Mohawk Industries (MHK) has a market cap of $15.3 billion. It fell 0.45% to close at $205.75 per share on September 23, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.16%, -2.2%, and 8.6%, respectively, on the same day. MHK is trading 1.6% below its 20-day moving average, 1.1% […]

    By Gabriel Kane
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    Consumer

    Mohawk Industries’ Earnings Results in Fiscal 2Q16

    Mohawk Industries (MHK) has a market cap of $15.3 billion. It fell by 0.42% to close at $207.70 per share on August 4, 2016.

    By Gabriel Kane
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    Fund Managers

    Engaged Capital Raises Stake in Rovi Corporation

    Engaged Capital’s relationship with Rovi dates back to April 2013, when the fund first invested in the company.

    By Santiago Solari
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    Healthcare

    Eric Mindich’s Eton Park exits position in Equinix

    Eton Park exited a position in Equinix (EQIX) that accounted for 3.46% of the fund’s first quarter portfolio.

    By Samantha Nielson
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    Healthcare

    Eton Park starts new position in Armstrong World Industries

    Eton Park started a new position in Armstrong World Industries that accounts for 2.09% of the fund’s second quarter portfolio.

    By Samantha Nielson
  • Consumer

    Why Armstrong faces soft demand environment in certain markets

    Net sales in the company’s Americas market declined 0.7% to $509.2 million in the second quarter. It was essentially flat for the first half of 2014. This was due to lower volumes.

    By Samantha Nielson
  • Consumer

    Overview: ValueAct Capital’s new position in Armstrong

    Armstrong is based in Lancaster. It’s a global producer of flooring products and ceiling systems. The products are used in the construction and renovation of residential, commercial, and institutional buildings. It designs, manufactures, and sells flooring products that are mainly resilient and wood.

    By Samantha Nielson
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