Armstrong World Industries, Inc. (NYSE:AWI) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its stake in Armstrong World Industries, Inc. (NYSE:AWIGet Rating) by 20.1% in the third quarter, HoldingsChannel reports. The fund owned 3,394 shares of the construction company’s stock after purchasing an additional 569 shares during the quarter. Park Avenue Securities LLC’s holdings in Armstrong World Industries were worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AWI. US Bancorp DE lifted its stake in shares of Armstrong World Industries by 402.7% in the 2nd quarter. US Bancorp DE now owns 367 shares of the construction company’s stock worth $28,000 after acquiring an additional 294 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Armstrong World Industries in the 2nd quarter worth approximately $38,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Armstrong World Industries in the 3rd quarter worth approximately $51,000. Van ECK Associates Corp acquired a new stake in shares of Armstrong World Industries in the 2nd quarter worth approximately $97,000. Finally, Covestor Ltd lifted its stake in shares of Armstrong World Industries by 89.9% in the 1st quarter. Covestor Ltd now owns 1,272 shares of the construction company’s stock worth $115,000 after acquiring an additional 602 shares during the period.

Insider Buying and Selling at Armstrong World Industries

In other news, CEO Victor Grizzle sold 25,689 shares of the stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $68.83, for a total transaction of $1,768,173.87. Following the transaction, the chief executive officer now owns 332,435 shares in the company, valued at approximately $22,881,501.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AWI shares. StockNews.com lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 17th. Credit Suisse Group cut their target price on shares of Armstrong World Industries from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Armstrong World Industries from $113.00 to $99.00 in a research note on Tuesday, January 10th. Zelman & Associates lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. Finally, Loop Capital downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating and reduced their price target for the company from $98.00 to $75.00 in a research report on Thursday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $89.00.

Armstrong World Industries Stock Up 1.2 %

Armstrong World Industries stock opened at $75.11 on Tuesday. The firm has a market cap of $3.43 billion, a PE ratio of 17.97, a P/E/G ratio of 1.23 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.11 and a current ratio of 1.66. The firm’s 50 day moving average price is $72.73 and its two-hundred day moving average price is $79.29. Armstrong World Industries, Inc. has a twelve month low of $66.86 and a twelve month high of $102.26.

Armstrong World Industries (NYSE:AWIGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.11). The company had revenue of $325.00 million during the quarter, compared to analyst estimates of $331.54 million. Armstrong World Industries had a net margin of 16.18% and a return on equity of 42.46%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 EPS. On average, research analysts predict that Armstrong World Industries, Inc. will post 4.78 EPS for the current fiscal year.

About Armstrong World Industries

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Armstrong World Industries, Inc engages in the design, manufacture, and trade of commercial and residential ceiling, wall, and suspension system solutions. It operates through the following segments: Mineral Fiber, Architectural Specialties, and Unallocated Corporate. The Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings.

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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