Alps Advisors Inc. Acquires 33,848 Shares of Armstrong World Industries, Inc. $AWI

Alps Advisors Inc. grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 1,317.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,418 shares of the construction company’s stock after acquiring an additional 33,848 shares during the period. Alps Advisors Inc. owned about 0.08% of Armstrong World Industries worth $7,138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Root Financial Partners LLC purchased a new position in Armstrong World Industries in the 3rd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Armstrong World Industries in the second quarter worth $32,000. Bessemer Group Inc. lifted its holdings in shares of Armstrong World Industries by 70.0% in the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock worth $44,000 after buying an additional 91 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Armstrong World Industries during the second quarter worth $46,000. Finally, MAI Capital Management purchased a new position in Armstrong World Industries during the second quarter valued at $47,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AWI. JPMorgan Chase & Co. boosted their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. UBS Group increased their price target on Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Vertical Research began coverage on Armstrong World Industries in a research note on Monday, October 20th. They issued a “buy” rating and a $238.00 price objective on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Armstrong World Industries has an average rating of “Moderate Buy” and a consensus target price of $207.50.

Armstrong World Industries Trading Up 2.5%

Shares of AWI stock opened at $198.55 on Monday. The company has a market cap of $8.56 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.33. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $206.08. The stock’s 50 day simple moving average is $190.08 and its two-hundred day simple moving average is $191.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04.

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.