Do Hedge Funds and Insiders Love Armstrong World Industries, Inc. (AWI)?

Page 1 of 2

Armstrong World Industries, Inc. (NYSE:AWI) investors should pay attention to an increase in hedge fund interest recently.

According to most market participants, hedge funds are seen as worthless, outdated investment tools of yesteryear. While there are more than 8000 funds trading at the moment, we hone in on the elite of this club, close to 450 funds. It is estimated that this group has its hands on the majority of the hedge fund industry’s total capital, and by watching their best picks, we have uncovered a few investment strategies that have historically outperformed Mr. Market. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 23.3 percentage points in 8 months (see all of our picks from August).

Armstrong World Industries, Inc. (NYSE:AWI)Equally as beneficial, bullish insider trading activity is a second way to parse down the marketplace. As the old adage goes: there are plenty of motivations for a corporate insider to cut shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the market-beating potential of this method if shareholders know what to do (learn more here).

With these “truths” under our belt, we’re going to take a peek at the latest action encompassing Armstrong World Industries, Inc. (NYSE:AWI).

How are hedge funds trading Armstrong World Industries, Inc. (NYSE:AWI)?

Heading into Q2, a total of 20 of the hedge funds we track held long positions in this stock, a change of 11% from one quarter earlier. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were upping their holdings substantially.

When looking at the hedgies we track, Adage Capital Management, managed by Phill Gross and Robert Atchinson, holds the biggest position in Armstrong World Industries, Inc. (NYSE:AWI). Adage Capital Management has a $144 million position in the stock, comprising 0.5% of its 13F portfolio. Coming in second is Chuck Royce of Royce & Associates, with a $73.6 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include Mariko Gordon’s Daruma Asset Management, Steven Cohen’s SAC Capital Advisors and Ken Griffin’s Citadel Investment Group.

Now, some big names were breaking ground themselves. Standard Pacific Capital, managed by Douglas Dillard Jr. and Raj D. Venkatesan, established the most outsized position in Armstrong World Industries, Inc. (NYSE:AWI). Standard Pacific Capital had 8.5 million invested in the company at the end of the quarter. Andrew Sandler’s Sandler Capital Management also made a $8.4 million investment in the stock during the quarter. The following funds were also among the new AWI investors: Richard S. Meisenberg’s ACK Asset Management, Anna Nikolayevsky’s Axel Capital Management, and John Fichthorn’s Dialectic Capital Management.

Insider trading activity in Armstrong World Industries, Inc. (NYSE:AWI)

Insider buying is at its handiest when the company we’re looking at has experienced transactions within the past half-year. Over the latest six-month time frame, Armstrong World Industries, Inc. (NYSE:AWI) has experienced zero unique insiders buying, and 4 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Armstrong World Industries, Inc. (NYSE:AWI). These stocks are Masco Corporation (NYSE:MAS), Vulcan Materials Company (NYSE:VMC), Owens Corning (NYSE:OC), Martin Marietta Materials, Inc. (NYSE:MLM), and USG Corporation (NYSE:USG). This group of stocks are the members of the general building materials industry and their market caps are similar to AWI’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!