Engineers Gate Manager LP lowered its position in Armstrong World Industries Inc (NYSE:AWI) by 48.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,582 shares of the construction company’s stock after selling 38,380 shares during the period. Engineers Gate Manager LP owned approximately 0.08% of Armstrong World Industries worth $1,867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Armstrong World Industries by 14.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock worth $106,000 after acquiring an additional 286 shares during the period. Invictus RG acquired a new stake in shares of Armstrong World Industries in the 1st quarter worth approximately $117,000. Bank of Montreal Can grew its holdings in shares of Armstrong World Industries by 7.1% in the 1st quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock worth $122,000 after acquiring an additional 175 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Armstrong World Industries by 239.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock worth $128,000 after acquiring an additional 1,964 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Armstrong World Industries in the 2nd quarter worth approximately $149,000.

ILLEGAL ACTIVITY NOTICE: This story was published by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2017/09/12/engineers-gate-manager-lp-lowers-position-in-armstrong-world-industries-inc-awi.html.

AWI has been the topic of a number of research reports. Zacks Investment Research cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. Royal Bank Of Canada restated a “sector perform” rating and issued a $50.00 price target on shares of Armstrong World Industries in a report on Thursday, June 15th. ValuEngine upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub cut Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.43.

Shares of Armstrong World Industries Inc (NYSE AWI) opened at 48.40 on Tuesday. The firm has a market cap of $2.56 billion, a PE ratio of 15.72 and a beta of 1.63. The firm’s 50-day moving average price is $46.69 and its 200-day moving average price is $45.52. Armstrong World Industries Inc has a one year low of $36.38 and a one year high of $50.15.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The company had revenue of $330.80 million for the quarter, compared to analysts’ expectations of $330.92 million. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. Equities research analysts expect that Armstrong World Industries Inc will post $2.72 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries Inc (NYSE:AWI).

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

Receive News & Ratings for Armstrong World Industries Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries Inc and related companies with MarketBeat.com's FREE daily email newsletter.