Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC reduced its position in Armstrong World Industries, Inc. (NYSE:AWI) by 7.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,987 shares of the construction company’s stock after selling 233 shares during the quarter. Custom Index Systems LLC’s holdings in Armstrong World Industries were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tealwood Asset Management Inc. raised its stake in Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after acquiring an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Armstrong World Industries by 4.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock worth $245,000 after purchasing an additional 76 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Armstrong World Industries by 5.9% during the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock worth $188,000 after purchasing an additional 79 shares during the period. US Bancorp DE grew its position in Armstrong World Industries by 13.9% in the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after buying an additional 82 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in Armstrong World Industries by 3.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock valued at $399,000 after buying an additional 104 shares during the period. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $151.09 on Friday. The stock has a fifty day moving average price of $149.65 and a 200 day moving average price of $138.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The stock has a market cap of $6.59 billion, a PE ratio of 26.65, a P/E/G ratio of 1.69 and a beta of 1.18. Armstrong World Industries, Inc. has a 1 year low of $99.11 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. The business had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. Sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Company Profile

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.