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According to most market participants, hedge funds are seen as worthless, outdated investment tools of yesteryear.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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!