Campbell & CO Investment Adviser LLC Sells 26,509 Shares of Armstrong World Industries, Inc. $AWI

Campbell & CO Investment Adviser LLC trimmed its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 88.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,352 shares of the construction company’s stock after selling 26,509 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Armstrong World Industries were worth $657,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new stake in Armstrong World Industries in the second quarter worth $32,000. SJS Investment Consulting Inc. increased its holdings in shares of Armstrong World Industries by 4,860.0% in the third quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares during the period. Headlands Technologies LLC bought a new stake in shares of Armstrong World Industries in the 2nd quarter valued at about $46,000. MAI Capital Management purchased a new stake in Armstrong World Industries during the 2nd quarter valued at about $47,000. Finally, Quent Capital LLC purchased a new stake in Armstrong World Industries during the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

AWI has been the subject of several recent research reports. 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 upped their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Zacks Research cut shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Vertical Research assumed coverage on shares of Armstrong World Industries in a report on Monday, October 20th. They set a “buy” rating and a $238.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $207.50.

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $187.87 on Wednesday. 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 50 day moving average price of $189.26 and a 200-day moving average price of $189.70. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $206.08. The firm has a market capitalization of $8.10 billion, a PE ratio of 26.88, a P/E/G ratio of 1.71 and a beta of 1.32.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, October 28th. The construction company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.06. Armstrong World Industries had a net margin of 19.08% and a return on equity of 38.97%. The company had revenue of $425.20 million for the quarter, compared to the consensus estimate of $423.40 million. During the same quarter in the prior year, the firm earned $1.81 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Armstrong World Industries has set its FY 2025 guidance at 7.450-7.550 EPS. As a group, equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

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.