Van Berkom & Associates Inc. Has $93.71 Million Stock Holdings in Armstrong World Industries, Inc. $AWI

Van Berkom & Associates Inc. cut its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 13.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 478,102 shares of the construction company’s stock after selling 75,259 shares during the period. Armstrong World Industries comprises approximately 2.7% of Van Berkom & Associates Inc.’s holdings, making the stock its 9th largest position. Van Berkom & Associates Inc. owned approximately 1.11% of Armstrong World Industries worth $93,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Burgundy Asset Management Ltd. increased its position in Armstrong World Industries by 3.0% during the second quarter. Burgundy Asset Management Ltd. now owns 1,321,078 shares of the construction company’s stock valued at $214,596,000 after acquiring an additional 38,082 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Armstrong World Industries by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 943,284 shares of the construction company’s stock valued at $153,248,000 after purchasing an additional 7,378 shares during the period. Adage Capital Partners GP L.L.C. increased its position in shares of Armstrong World Industries by 121.3% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after purchasing an additional 404,000 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Armstrong World Industries by 0.3% in the 2nd quarter. Invesco Ltd. now owns 682,445 shares of the construction company’s stock worth $110,856,000 after purchasing an additional 1,823 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Armstrong World Industries by 118.6% in the 2nd quarter. AQR Capital Management LLC now owns 543,009 shares of the construction company’s stock worth $88,206,000 after purchasing an additional 294,646 shares during the period. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Up 0.4%

AWI opened at $187.46 on Wednesday. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.04 and a current ratio of 1.52. The firm’s fifty day moving average is $189.86 and its 200 day moving average is $191.08. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $206.08.

Analysts Set New Price Targets

AWI has been the subject of a number of research reports. Zacks Research cut shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. JPMorgan Chase & Co. boosted their price objective on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group upped their price objective on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Company 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.