Armstrong World Industries Inc (AWI) Holdings Lowered by Legal & General Group Plc

Legal & General Group Plc cut its position in Armstrong World Industries Inc (NYSE:AWI) by 8.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,738 shares of the construction company’s stock after selling 5,830 shares during the period. Legal & General Group Plc owned 0.12% of Armstrong World Industries worth $2,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Invictus RG purchased a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $117,000. Bank of Montreal Can increased its position in shares of Armstrong World Industries by 7.1% in the 1st quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock valued at $122,000 after purchasing an additional 175 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Armstrong World Industries in the 2nd quarter valued at approximately $149,000. Cipher Capital LP purchased a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $205,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Armstrong World Industries by 266.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,618 shares of the construction company’s stock valued at $259,000 after purchasing an additional 4,084 shares during the last quarter.

Armstrong World Industries Inc (AWI) opened at 48.70 on Tuesday. The company has a 50 day moving average of $47.27 and a 200-day moving average of $45.66. The stock has a market capitalization of $2.58 billion, a P/E ratio of 15.82 and a beta of 1.63. Armstrong World Industries Inc has a 52-week low of $36.38 and a 52-week high of $50.15.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $330.80 million during the quarter, compared to analyst estimates of $330.92 million. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Equities research analysts anticipate that Armstrong World Industries Inc will post $2.72 EPS for the current year.

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A number of equities research analysts have commented on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $50.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, August 29th. BidaskClub downgraded shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Deutsche Bank AG increased their price objective on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. TheStreet raised shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $45.43.

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

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