Krilogy Financial LLC Buys New Shares in Armstrong World Industries, Inc. $AWI

Krilogy Financial LLC bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,930 shares of the construction company’s stock, valued at approximately $753,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New York Life Investment Management LLC bought a new position in shares of Armstrong World Industries during the 3rd quarter worth about $858,000. Smartleaf Asset Management LLC raised its stake in Armstrong World Industries by 9.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 874 shares of the construction company’s stock worth $169,000 after buying an additional 77 shares during the period. Alps Advisors Inc. boosted its holdings in Armstrong World Industries by 1,317.0% in the third quarter. Alps Advisors Inc. now owns 36,418 shares of the construction company’s stock worth $7,138,000 after acquiring an additional 33,848 shares in the last quarter. Bessemer Group Inc. grew its stake in Armstrong World Industries by 70.0% in the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock valued at $44,000 after acquiring an additional 91 shares during the period. Finally, Savant Capital LLC increased its holdings in shares of Armstrong World Industries by 2.7% during the third quarter. Savant Capital LLC now owns 16,551 shares of the construction company’s stock valued at $3,244,000 after acquiring an additional 441 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AWI shares. UBS Group increased their target price on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Wall Street Zen lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Vertical Research initiated coverage on shares of Armstrong World Industries in a report on Monday, October 20th. They issued a “buy” rating and a $238.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Armstrong World Industries has a consensus rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $200.40 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. The firm has a 50-day moving average of $191.40 and a 200-day moving average of $192.47. Armstrong World Industries, Inc. has a one year low of $122.37 and a one year high of $206.08. The company has a market cap of $8.64 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.72 and a beta of 1.33.

About Armstrong World Industries

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.