Strs Ohio Sells 12,321 Shares of Armstrong World Industries, Inc. $AWI

Strs Ohio decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 92.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028 shares of the construction company’s stock after selling 12,321 shares during the quarter. Strs Ohio’s holdings in Armstrong World Industries were worth $201,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AWI. Schroder Investment Management Group grew its holdings in Armstrong World Industries by 3.3% in the second quarter. Schroder Investment Management Group now owns 177,232 shares of the construction company’s stock worth $28,790,000 after purchasing an additional 5,730 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Armstrong World Industries by 121.3% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock worth $119,718,000 after acquiring an additional 404,000 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Armstrong World Industries during the third quarter worth $2,055,000. Assenagon Asset Management S.A. lifted its holdings in Armstrong World Industries by 24.1% in the third quarter. Assenagon Asset Management S.A. now owns 142,100 shares of the construction company’s stock valued at $27,853,000 after acquiring an additional 27,602 shares during the period. Finally, Creative Planning raised its holdings in Armstrong World Industries by 2.0% in the 2nd quarter. Creative Planning now owns 17,925 shares of the construction company’s stock worth $2,912,000 after purchasing an additional 349 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

NYSE AWI opened at $186.59 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. The company has a market cap of $8.05 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.60 and a beta of 1.33. The stock has a 50-day moving average of $189.91 and a two-hundred day moving average of $190.93. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $206.08.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AWI. UBS Group lifted their price objective on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Bank of America increased their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, Vertical Research initiated coverage on Armstrong World Industries in a report on Monday, October 20th. They issued a “buy” rating and a $238.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Armstrong World Industries has a consensus rating of “Moderate Buy” and a consensus target price of $207.50.

Armstrong World Industries Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.