Russell Investments Group Ltd. raised its stake in Armstrong World Industries Inc (NYSE:AWI) by 32.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 235,913 shares of the construction company’s stock after buying an additional 58,018 shares during the period. Russell Investments Group Ltd.’s holdings in Armstrong World Industries were worth $10,851,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Iridian Asset Management LLC CT increased its stake in Armstrong World Industries by 20.4% in the first quarter. Iridian Asset Management LLC CT now owns 4,413,715 shares of the construction company’s stock valued at $203,252,000 after buying an additional 746,618 shares in the last quarter. Vanguard Group Inc. increased its stake in Armstrong World Industries by 5.1% in the first quarter. Vanguard Group Inc. now owns 3,440,487 shares of the construction company’s stock valued at $158,435,000 after buying an additional 165,841 shares in the last quarter. BlackRock Inc. increased its stake in Armstrong World Industries by 10,381.5% in the first quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock valued at $88,541,000 after buying an additional 1,904,378 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in Armstrong World Industries by 6.5% in the first quarter. Fiduciary Management Inc. WI now owns 1,875,741 shares of the construction company’s stock valued at $86,378,000 after buying an additional 114,960 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Armstrong World Industries by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,522,337 shares of the construction company’s stock valued at $70,104,000 after buying an additional 77,824 shares in the last quarter.

Shares of Armstrong World Industries Inc (NYSE AWI) traded up 0.478% during mid-day trading on Monday, hitting $47.325. 77,844 shares of the stock were exchanged. The firm has a 50-day moving average price of $45.81 and a 200 day moving average price of $44.44. The company has a market capitalization of $2.50 billion, a PE ratio of 15.370 and a beta of 1.65. Armstrong World Industries Inc has a 12-month low of $36.38 and a 12-month high of $49.55.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The business had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $330.92 million. During the same period last year, the business earned $0.56 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Armstrong World Industries Inc will post $2.73 earnings per share for the current year.

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Several analysts have commented on AWI shares. Zacks Investment Research downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Deutsche Bank AG boosted their target price on shares of Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. ValuEngine raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $50.00 target price on shares of Armstrong World Industries in a research report on Thursday, June 15th. Finally, Instinet boosted their target price on shares of Armstrong World Industries from $20.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, April 17th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Armstrong World Industries currently has a consensus rating of “Hold” and an average target price of $45.43.

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

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