Atria Investments LLC Acquires Shares of 3,827 Armstrong World Industries Inc (NYSE:AWI)

Atria Investments LLC acquired a new stake in Armstrong World Industries Inc (NYSE:AWI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,827 shares of the construction company’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC acquired a new position in Armstrong World Industries in the second quarter valued at $49,000. SRS Capital Advisors Inc. acquired a new position in Armstrong World Industries in the second quarter valued at $65,000. Machina Capital S.A.S. acquired a new position in Armstrong World Industries in the second quarter valued at $68,000. Point72 Hong Kong Ltd acquired a new position in Armstrong World Industries in the second quarter valued at $180,000. Finally, Rockefeller Capital Management L.P. acquired a new position in Armstrong World Industries in the first quarter valued at $167,000. Institutional investors own 99.52% of the company’s stock.

AWI has been the subject of a number of research reports. Bank of America upped their target price on shares of Armstrong World Industries from $108.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. ValuEngine cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Exane BNP Paribas initiated coverage on shares of Armstrong World Industries in a report on Wednesday. They issued an “underperform” rating for the company. BNP Paribas initiated coverage on shares of Armstrong World Industries in a report on Wednesday. They issued an “underperform” rating for the company. Finally, SunTrust Banks upped their target price on shares of Armstrong World Industries to $109.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $94.13.



Shares of NYSE:AWI opened at $97.00 on Friday. The company has a 50-day simple moving average of $95.42 and a 200-day simple moving average of $92.55. Armstrong World Industries Inc has a one year low of $54.34 and a one year high of $104.50. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.07 and a current ratio of 1.20. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.32 and a beta of 1.57.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, July 29th. The construction company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Armstrong World Industries had a net margin of 20.17% and a return on equity of 77.10%. The business had revenue of $272.00 million during the quarter, compared to analysts’ expectations of $278.75 million. During the same period in the prior year, the company earned $0.97 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, research analysts forecast that Armstrong World Industries Inc will post 4.58 EPS for the current fiscal year.

Armstrong World Industries Profile

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.

Read More: S&P 500 Index

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

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