Armstrong World Industries, Inc. $AWI Position Lowered by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. trimmed its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 13.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 478,102 shares of the construction company’s stock after selling 75,259 shares during the period. Armstrong World Industries comprises 2.7% of Van Berkom & Associates Inc.’s holdings, making the stock its 9th biggest position. Van Berkom & Associates Inc.’s holdings in Armstrong World Industries were worth $93,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AWI. Schroder Investment Management Group increased its holdings in shares of Armstrong World Industries by 3.3% in the 2nd quarter. Schroder Investment Management Group now owns 177,232 shares of the construction company’s stock worth $28,790,000 after buying an additional 5,730 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in Armstrong World Industries by 121.3% in the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock worth $119,718,000 after acquiring an additional 404,000 shares in the last quarter. Calamos Advisors LLC bought a new stake in Armstrong World Industries during the third quarter worth approximately $2,055,000. Assenagon Asset Management S.A. raised its position in Armstrong World Industries by 24.1% during the third quarter. Assenagon Asset Management S.A. now owns 142,100 shares of the construction company’s stock valued at $27,853,000 after purchasing an additional 27,602 shares during the period. Finally, Creative Planning lifted its stake in shares of Armstrong World Industries by 2.0% in the 2nd quarter. Creative Planning now owns 17,925 shares of the construction company’s stock valued at $2,912,000 after purchasing an additional 349 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AWI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. Zacks Research lowered shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Vertical Research began coverage on shares of Armstrong World Industries in a research report on Monday, October 20th. They set a “buy” rating and a $238.00 price objective on the stock. UBS Group raised their target price on shares of Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Armstrong World Industries currently has an average rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Stock Performance

AWI stock opened at $187.46 on Wednesday. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 1.63 and a beta of 1.33. The business’s fifty day simple moving average is $189.86 and its two-hundred day simple moving average is $191.08. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47.

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.