Jackson Creek Investment Advisors LLC Cuts Position in Armstrong World Industries, Inc. $AWI

Jackson Creek Investment Advisors LLC trimmed its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 32.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,168 shares of the construction company’s stock after selling 4,390 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Armstrong World Industries were worth $1,797,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in shares of Armstrong World Industries during the third quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Armstrong World Industries during the 2nd quarter worth approximately $32,000. Headlands Technologies LLC purchased a new stake in Armstrong World Industries during the second quarter valued at approximately $46,000. MAI Capital Management acquired a new stake in Armstrong World Industries in the second quarter valued at approximately $47,000. Finally, SJS Investment Consulting Inc. increased its position in shares of Armstrong World Industries by 4,860.0% during the third quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AWI. Zacks Research cut Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. UBS Group boosted 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. Vertical Research initiated coverage on shares of Armstrong World Industries in a research report on Monday, October 20th. They issued a “buy” rating and a $238.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. One 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. According to data from MarketBeat, Armstrong World Industries currently has an average rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Stock Performance

NYSE AWI opened at $186.59 on Tuesday. The firm has a market capitalization of $8.05 billion, a P/E ratio of 26.69, a PEG ratio of 1.60 and a beta of 1.33. The stock has a 50-day simple moving average of $189.91 and a two-hundred day simple moving average of $190.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.04 and a current ratio of 1.52. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $206.08.

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.