Armstrong World Industries, Inc. (NYSE:AWI) Short Interest Update

Armstrong World Industries, Inc. (NYSE:AWI) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 540,500 shares, a growth of 12.4% from the December 31st total of 480,800 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 204,500 shares, the days-to-cover ratio is presently 2.6 days.

Wall Street Analyst Weigh In

AWI has been the topic of several recent analyst reports. UBS Group lifted their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Loop Capital lifted their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.83.

Hedge Funds Weigh In On Armstrong World Industries

Several large investors have recently made changes to their positions in AWI. Natixis Advisors LLC increased its position in Armstrong World Industries by 16.0% in the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock worth $64,678,000 after buying an additional 67,798 shares in the last quarter. Quest Partners LLC raised its stake in shares of Armstrong World Industries by 32.9% during the third quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock valued at $2,625,000 after acquiring an additional 4,945 shares in the last quarter. Geode Capital Management LLC boosted its position in Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock valued at $111,954,000 after acquiring an additional 34,028 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Armstrong World Industries by 89.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock valued at $1,447,000 after buying an additional 5,191 shares during the period. Finally, Verition Fund Management LLC purchased a new position in Armstrong World Industries in the third quarter valued at $1,035,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Down 1.0 %

Shares of AWI stock traded down $1.47 during midday trading on Monday, reaching $149.54. 240,101 shares of the stock were exchanged, compared to its average volume of 196,902. Armstrong World Industries has a 1 year low of $99.63 and a 1 year high of $164.40. The firm has a market cap of $6.52 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.64 and a beta of 1.19. The company’s 50 day moving average is $149.41 and its two-hundred day moving average is $139.16. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

About Armstrong World Industries

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.