Bleakley Financial Group LLC Reduces Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Bleakley Financial Group LLC lessened its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,712 shares of the construction company’s stock after selling 163 shares during the period. Bleakley Financial Group LLC’s holdings in Armstrong World Industries were worth $807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tealwood Asset Management Inc. lifted its position in shares of Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock worth $1,313,000 after buying an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Armstrong World Industries by 4.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after acquiring an additional 76 shares during the last quarter. Blue Trust Inc. lifted its position in Armstrong World Industries by 5.9% in the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after acquiring an additional 79 shares during the last quarter. US Bancorp DE boosted its stake in Armstrong World Industries by 13.9% in the third quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after acquiring an additional 82 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Armstrong World Industries by 3.6% during the third quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock worth $399,000 after purchasing an additional 104 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $151.03 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The company has a market cap of $6.58 billion, a PE ratio of 26.64, a P/E/G ratio of 1.66 and a beta of 1.19. The stock has a fifty day moving average price of $148.67 and a 200 day moving average price of $139.87. Armstrong World Industries, Inc. has a 1-year low of $101.73 and a 1-year high of $164.40.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AWI. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. UBS Group increased their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Loop Capital lifted their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Truist Financial increased their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI lifted their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Armstrong World Industries presently has an average rating of “Hold” and a consensus target price of $140.83.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.