BlueCrest Capital Management Ltd Takes Position in Armstrong World Industries Inc (AWI)

BlueCrest Capital Management Ltd bought a new stake in Armstrong World Industries Inc (NYSE:AWI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,000 shares of the construction company’s stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWI. UBS Asset Management Americas Inc. lifted its position in shares of Armstrong World Industries by 13.2% in the first quarter. UBS Asset Management Americas Inc. now owns 36,461 shares of the construction company’s stock worth $1,679,000 after buying an additional 4,247 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Armstrong World Industries in the first quarter worth about $444,000. Ameriprise Financial Inc. lifted its position in shares of Armstrong World Industries by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 145,348 shares of the construction company’s stock worth $6,694,000 after buying an additional 3,340 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Armstrong World Industries by 6.6% in the first quarter. Prudential Financial Inc. now owns 158,982 shares of the construction company’s stock worth $7,321,000 after buying an additional 9,800 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Armstrong World Industries by 4.9% in the first quarter. Alliancebernstein L.P. now owns 26,705 shares of the construction company’s stock worth $1,230,000 after buying an additional 1,250 shares during the last quarter.

A number of analysts have weighed in on AWI shares. KeyCorp reaffirmed a “hold” rating on shares of Armstrong World Industries in a research report on Friday, September 22nd. BidaskClub cut Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Deutsche Bank AG boosted their price target on Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. TheStreet raised Armstrong World Industries from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Finally, ValuEngine raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $46.00.

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Armstrong World Industries Inc (AWI) opened at 53.30 on Monday. Armstrong World Industries Inc has a 52-week low of $36.38 and a 52-week high of $54.15. The company’s 50 day moving average price is $50.01 and its 200 day moving average price is $46.43. The firm has a market cap of $2.82 billion, a PE ratio of 17.31 and a beta of 1.63.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The business had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $330.92 million. During the same quarter last year, the company posted $0.56 earnings per share. Armstrong World Industries’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts predict that Armstrong World Industries Inc will post $2.73 earnings per share for the current fiscal year.

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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