Armstrong World Industries Inc
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.”
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% […]
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% […]
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.
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.
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.
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.
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.
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.