State of Alaska Department of Revenue Lowers Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

State of Alaska Department of Revenue trimmed its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,653 shares of the construction company’s stock after selling 148 shares during the period. State of Alaska Department of Revenue’s holdings in Armstrong World Industries were worth $5,320,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AWI. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Loop Capital upped their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group increased their price objective on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Evercore ISI boosted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $140.83.

Armstrong World Industries Trading Down 1.4 %

Shares of AWI opened at $151.03 on Friday. Armstrong World Industries, Inc. has a 52-week low of $101.73 and a 52-week high of $164.40. The stock has a market cap of $6.58 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.64 and a beta of 1.19. The firm’s fifty day moving average is $148.67 and its two-hundred day moving average is $139.71. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries 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.