Legal & General Group Plc cut its position in shares of Armstrong World Industries Inc (NYSE:AWI) by 6.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,568 shares of the construction company’s stock after selling 4,444 shares during the period. Legal & General Group Plc’s holdings in Armstrong World Industries were worth $3,108,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AWI. Bank of Montreal Can raised its position in shares of Armstrong World Industries by 7.1% in the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock worth $122,000 after buying an additional 175 shares in the last quarter. Cipher Capital LP bought a new position in shares of Armstrong World Industries during the first quarter worth $205,000. Fox Run Management L.L.C. bought a new position in shares of Armstrong World Industries during the first quarter worth $215,000. Nine Chapters Capital Management LLC bought a new position in shares of Armstrong World Industries during the first quarter worth $230,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Armstrong World Industries by 215.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,568 shares of the construction company’s stock worth $317,000 after buying an additional 5,171 shares in the last quarter.

Shares of Armstrong World Industries Inc (NYSE:AWI) opened at 45.10 on Monday. The firm has a market cap of $2.40 billion, a P/E ratio of 17.29 and a beta of 1.63. The firm has a 50-day moving average of $44.04 and a 200-day moving average of $43.52. Armstrong World Industries Inc has a 12-month low of $36.38 and a 12-month high of $48.00.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Monday, May 1st. The construction company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $315.40 million during the quarter, compared to analyst estimates of $298.69 million. Armstrong World Industries had a net margin of 11.48% and a return on equity of 51.25%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. On average, equities analysts forecast that Armstrong World Industries Inc will post $2.68 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on AWI. Zacks Investment Research raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, June 8th. Nomura began coverage on shares of Armstrong World Industries in a research note on Wednesday, April 12th. They issued a “buy” rating and a $55.00 price target on the stock. Instinet raised their price target on shares of Armstrong World Industries from $20.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, April 17th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $50.00 price target on shares of Armstrong World Industries in a research note on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Armstrong World Industries currently has an average rating of “Hold” and a consensus price target of $43.63.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.

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

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