Royal Bank of Canada Acquires 13,548 Shares of Armstrong World Industries Inc (NYSE:AWI)

Royal Bank of Canada raised its holdings in shares of Armstrong World Industries Inc (NYSE:AWI) by 99.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,199 shares of the construction company’s stock after purchasing an additional 13,548 shares during the period. Royal Bank of Canada’s holdings in Armstrong World Industries were worth $2,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AWI. Marshall Wace LLP raised its position in Armstrong World Industries by 1,312.5% during the 1st quarter. Marshall Wace LLP now owns 201,494 shares of the construction company’s stock valued at $16,003,000 after purchasing an additional 187,229 shares during the last quarter. Marshall Wace North America L.P. raised its position in Armstrong World Industries by 803.6% during the 1st quarter. Marshall Wace North America L.P. now owns 99,502 shares of the construction company’s stock valued at $7,902,000 after purchasing an additional 88,490 shares during the last quarter. FMR LLC raised its position in Armstrong World Industries by 77.9% during the 1st quarter. FMR LLC now owns 1,426,367 shares of the construction company’s stock valued at $113,282,000 after purchasing an additional 624,611 shares during the last quarter. WINTON GROUP Ltd raised its position in Armstrong World Industries by 32.9% during the 2nd quarter. WINTON GROUP Ltd now owns 6,487 shares of the construction company’s stock valued at $631,000 after purchasing an additional 1,605 shares during the last quarter. Finally, NEXT Financial Group Inc bought a new position in Armstrong World Industries during the 2nd quarter valued at approximately $464,000. 99.53% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on AWI shares. Exane BNP Paribas started coverage on Armstrong World Industries in a research report on Wednesday, October 9th. They set an “underperform” rating for the company. BNP Paribas started coverage on Armstrong World Industries in a research report on Wednesday, October 9th. They set an “underperform” rating for the company. SunTrust Banks upped their price target on Armstrong World Industries to $109.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. They noted that the move was a valuation call. Bank of America upped their price target on Armstrong World Industries from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, ValuEngine lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Armstrong World Industries currently has an average rating of “Hold” and an average price target of $94.13.

Shares of NYSE:AWI opened at $97.38 on Wednesday. Armstrong World Industries Inc has a 52-week low of $54.34 and a 52-week high of $104.50. The firm has a market capitalization of $4.72 billion, a P/E ratio of 22.66, a P/E/G ratio of 1.35 and a beta of 1.57. The stock has a 50 day moving average price of $95.76 and a 200-day moving average price of $92.98. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.07 and a current ratio of 1.20.

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

About Armstrong World Industries

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.

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

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