California Public Employees Retirement System Reduces Position in Armstrong World Industries Inc (AWI)

California Public Employees Retirement System lowered its position in shares of Armstrong World Industries Inc (NYSE:AWI) by 8.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 216,500 shares of the construction company’s stock after selling 19,600 shares during the period. California Public Employees Retirement System’s holdings in Armstrong World Industries were worth $9,970,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AWI. Bank of Montreal Can raised its position in Armstrong World Industries by 7.1% in the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock valued at $122,000 after buying an additional 175 shares during the period. Cipher Capital LP bought a new position in Armstrong World Industries during the first quarter valued at $205,000. Fox Run Management L.L.C. bought a new position in Armstrong World Industries during the first quarter valued at $215,000. Nine Chapters Capital Management LLC bought a new position in Armstrong World Industries during the first quarter valued at $230,000. Finally, Envestnet Asset Management Inc. raised its position in Armstrong World Industries by 215.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,568 shares of the construction company’s stock valued at $317,000 after buying an additional 5,171 shares during the period.

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

Armstrong World Industries Inc (NYSE:AWI) opened at 44.65 on Monday. The stock has a 50 day moving average price of $44.26 and a 200-day moving average price of $43.45. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 17.12 and a beta of 1.65. Armstrong World Industries Inc has a 1-year low of $36.33 and a 1-year high of $48.00.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, May 1st. The construction company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.01. The firm had revenue of $315.40 million during the quarter, compared to the consensus estimate of $298.69 million. Armstrong World Industries had a net margin of 11.48% and a return on equity of 51.25%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. Equities analysts predict that Armstrong World Industries Inc will post $2.68 earnings per share for the current year.

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AWI has been the topic of several recent research reports. Zacks Investment Research upgraded Armstrong World Industries from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Monday, April 24th. Royal Bank Of Canada restated a “hold” rating and set a $50.00 target price on shares of Armstrong World Industries in a report on Tuesday, February 28th. Finally, Instinet raised their target price on Armstrong World Industries from $20.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, April 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Armstrong World Industries currently has a consensus rating of “Hold” and a consensus price target of $43.63.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.

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