Allianz Asset Management GmbH Has $27 Million Holdings in Armstrong World Industries, Inc. $AWI

Allianz Asset Management GmbH decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,736 shares of the construction company’s stock after selling 42,518 shares during the period. Allianz Asset Management GmbH owned about 0.32% of Armstrong World Industries worth $26,998,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AWI. Raleigh Capital Management Inc. purchased a new position in shares of Armstrong World Industries in the 3rd quarter worth about $251,000. Atlantic Union Bankshares Corp bought a new stake in Armstrong World Industries during the 3rd quarter valued at $397,000. AlphaQuest LLC raised its stake in shares of Armstrong World Industries by 4.2% during the 3rd quarter. AlphaQuest LLC now owns 22,769 shares of the construction company’s stock valued at $4,463,000 after purchasing an additional 915 shares during the period. Arizona State Retirement System increased its position in shares of Armstrong World Industries by 1.3% during the third quarter. Arizona State Retirement System now owns 12,850 shares of the construction company’s stock valued at $2,519,000 after buying an additional 165 shares during the period. Finally, Archer Investment Corp increased its holdings in Armstrong World Industries by 8.5% during the 3rd quarter. Archer Investment Corp now owns 868 shares of the construction company’s stock worth $170,000 after acquiring an additional 68 shares during the period. 98.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AWI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. UBS Group lifted their price target 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. Wall Street Zen lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Zacks Research downgraded shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. upped their target price on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $193.72 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The stock has a market capitalization of $8.36 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. The firm’s 50 day moving average price is $189.90 and its 200-day moving average price is $191.10.

About Armstrong World Industries

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.