FIL Ltd Increases Stock Holdings in Armstrong World Industries Inc (NYSE:AWI)

FIL Ltd grew its holdings in shares of Armstrong World Industries Inc (NYSE:AWI) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 712,574 shares of the construction company’s stock after buying an additional 12,574 shares during the period. FIL Ltd owned 1.46% of Armstrong World Industries worth $56,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Round Table Services LLC lifted its stake in Armstrong World Industries by 4.0% in the 1st quarter. Round Table Services LLC now owns 4,137 shares of the construction company’s stock valued at $329,000 after buying an additional 161 shares in the last quarter. M&T Bank Corp raised its holdings in Armstrong World Industries by 5.5% in the 4th quarter. M&T Bank Corp now owns 3,907 shares of the construction company’s stock valued at $229,000 after acquiring an additional 202 shares during the last quarter. Captrust Financial Advisors raised its holdings in Armstrong World Industries by 13.4% in the 4th quarter. Captrust Financial Advisors now owns 2,604 shares of the construction company’s stock valued at $152,000 after acquiring an additional 308 shares during the last quarter. California State Teachers Retirement System raised its holdings in Armstrong World Industries by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 68,107 shares of the construction company’s stock valued at $5,409,000 after acquiring an additional 308 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Armstrong World Industries by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,064 shares of the construction company’s stock valued at $178,000 after acquiring an additional 356 shares during the last quarter.

NYSE:AWI traded up $1.37 during trading hours on Monday, reaching $98.57. 504,469 shares of the company’s stock were exchanged, compared to its average volume of 488,441. The stock has a market cap of $4.76 billion, a P/E ratio of 26.93, a P/E/G ratio of 1.12 and a beta of 1.67. Armstrong World Industries Inc has a 12 month low of $54.34 and a 12 month high of $99.27. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.27 and a quick ratio of 1.15. The stock has a 50-day moving average price of $92.02.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, April 29th. The construction company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.15. The firm had revenue of $242.10 million during the quarter, compared to analysts’ expectations of $247.38 million. Armstrong World Industries had a net margin of 19.92% and a return on equity of 63.92%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. On average, sell-side analysts forecast that Armstrong World Industries Inc will post 4.55 EPS for the current year.

A number of analysts have recently commented on AWI shares. Nomura restated a “neutral” rating and set a $76.00 price objective (up from $73.00) on shares of Armstrong World Industries in a report on Monday, March 4th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, March 19th. Zelman & Associates raised shares of Armstrong World Industries from a “sell” rating to a “hold” rating and set a $73.05 price objective for the company in a research report on Wednesday, March 6th. Bank of America increased their price objective on shares of Armstrong World Industries from $84.00 to $87.00 and gave the stock a “buy” rating in a research note on Monday, March 11th. Finally, SunTrust Banks restated a “buy” rating and issued a $95.00 price target on shares of Armstrong World Industries in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $91.23.

In other news, insider Valueact Capital Master Fund, sold 63,910 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $86.88, for a total transaction of $5,552,500.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Stephen F. Mcnamara sold 7,778 shares of Armstrong World Industries stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $87.26, for a total transaction of $678,708.28. The disclosure for this sale can be found here. Insiders have sold a total of 78,188 shares of company stock valued at $6,804,574 in the last three months. Company insiders own 1.70% of the company’s stock.

About Armstrong World Industries

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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