4,375 Shares in Armstrong World Industries, Inc. $AWI Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 4,375 shares of the construction company’s stock, valued at approximately $858,000.

Several other hedge funds also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Armstrong World Industries during the 2nd quarter worth approximately $84,412,000. Adage Capital Partners GP L.L.C. lifted its holdings in Armstrong World Industries by 121.3% in the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after buying an additional 404,000 shares during the period. AQR Capital Management LLC boosted its stake in Armstrong World Industries by 118.6% in the second quarter. AQR Capital Management LLC now owns 543,009 shares of the construction company’s stock valued at $88,206,000 after acquiring an additional 294,646 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Armstrong World Industries by 1,782.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 143,113 shares of the construction company’s stock worth $23,247,000 after acquiring an additional 135,512 shares during the period. Finally, Millennium Management LLC raised its position in shares of Armstrong World Industries by 571.7% during the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after acquiring an additional 100,175 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Vertical Research initiated coverage on Armstrong World Industries in a research note on Monday, October 20th. They issued a “buy” rating and a $238.00 target price on the stock. Zacks Research cut Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. Finally, UBS Group increased their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Stock Up 1.8%

Armstrong World Industries stock opened at $200.40 on Friday. The company has a 50 day moving average of $191.40 and a 200-day moving average of $192.47. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The stock has a market capitalization of $8.64 billion, a PE ratio of 28.67, a price-to-earnings-growth 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.