Strs Ohio Cuts Stock Holdings in Armstrong World Industries, Inc. $AWI

Strs Ohio decreased its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 92.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,028 shares of the construction company’s stock after selling 12,321 shares during the quarter. Strs Ohio’s holdings in Armstrong World Industries were worth $201,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Wealth Alliance LLC boosted its stake in shares of Armstrong World Industries by 2.5% during the 2nd quarter. Wealth Alliance LLC now owns 2,339 shares of the construction company’s stock worth $380,000 after purchasing an additional 56 shares during the last quarter. Blue Trust Inc. raised its position in Armstrong World Industries by 4.2% in the third quarter. Blue Trust Inc. now owns 1,548 shares of the construction company’s stock valued at $303,000 after purchasing an additional 63 shares during the period. Yousif Capital Management LLC grew its position in Armstrong World Industries by 0.6% in the second quarter. Yousif Capital Management LLC now owns 16,398 shares of the construction company’s stock valued at $2,664,000 after acquiring an additional 100 shares in the last quarter. State of Wyoming increased its position in shares of Armstrong World Industries by 3.6% during the second quarter. State of Wyoming now owns 3,194 shares of the construction company’s stock worth $519,000 after acquiring an additional 110 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in Armstrong World Industries by 6.5% in the third quarter. Sivia Capital Partners LLC now owns 1,905 shares of the construction company’s stock valued at $373,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

AWI has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. Wall Street Zen cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. 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 report on Wednesday, October 29th. Bank of America raised their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, UBS Group boosted 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. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Stock Up 1.5%

Shares of Armstrong World Industries stock opened at $186.59 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. Armstrong World Industries, Inc. has a 52-week low of $122.37 and a 52-week high of $206.08. The stock has a 50-day simple moving average of $189.91 and a 200-day simple moving average of $190.93. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 1.60 and a beta of 1.33.

Armstrong World Industries Company Profile

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.