Cookson Peirce & Co. Inc. Purchases New Shares in Armstrong World Industries, Inc. $AWI

Cookson Peirce & Co. Inc. acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,880 shares of the construction company’s stock, valued at approximately $1,153,000.

Several other institutional investors have also recently made changes to their positions in AWI. Public Sector Pension Investment Board raised its holdings in shares of Armstrong World Industries by 10.8% in the third quarter. Public Sector Pension Investment Board now owns 208,870 shares of the construction company’s stock valued at $40,941,000 after purchasing an additional 20,280 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Armstrong World Industries by 33.2% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 31,759 shares of the construction company’s stock worth $6,225,000 after purchasing an additional 7,917 shares in the last quarter. LSV Asset Management purchased a new stake in Armstrong World Industries in the 3rd quarter valued at about $118,000. Caprock Group LLC purchased a new stake in Armstrong World Industries in the 3rd quarter valued at about $400,000. Finally, ING Groep NV bought a new position in shares of Armstrong World Industries during the 3rd quarter worth approximately $3,273,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

NYSE AWI opened at $200.40 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. The company has a market cap of $8.64 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $206.08. The firm’s 50-day simple moving average is $191.40 and its two-hundred day simple moving average is $192.47.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AWI shares. JPMorgan Chase & Co. upped their target price on Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Vertical Research began coverage on Armstrong World Industries in a research report on Monday, October 20th. They issued a “buy” rating and a $238.00 price objective on the stock. Wall Street Zen lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Zacks Research cut Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Finally, UBS Group increased their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.50.

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.