Bank of Montreal Can decreased its holdings in shares of Armstrong World Industries Inc (NYSE:AWI) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,479 shares of the construction company’s stock after selling 173 shares during the period. Bank of Montreal Can’s holdings in Armstrong World Industries were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AWI. Amalgamated Bank grew its holdings in shares of Armstrong World Industries by 3.2% in the 1st quarter. Amalgamated Bank now owns 6,666 shares of the construction company’s stock valued at $307,000 after buying an additional 204 shares during the period. Emory University grew its holdings in shares of Armstrong World Industries by 0.6% in the 1st quarter. Emory University now owns 40,276 shares of the construction company’s stock valued at $1,855,000 after buying an additional 247 shares during the period. Swiss National Bank grew its holdings in shares of Armstrong World Industries by 1.3% in the 1st quarter. Swiss National Bank now owns 68,400 shares of the construction company’s stock valued at $3,150,000 after buying an additional 900 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Armstrong World Industries by 4.9% in the 1st quarter. Alliancebernstein L.P. now owns 26,705 shares of the construction company’s stock valued at $1,230,000 after buying an additional 1,250 shares during the period. Finally, Teachers Advisors LLC grew its holdings in shares of Armstrong World Industries by 5.2% in the 1st quarter. Teachers Advisors LLC now owns 49,445 shares of the construction company’s stock valued at $2,277,000 after buying an additional 2,442 shares during the period.

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AWI has been the subject of several research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $50.00 price target on shares of Armstrong World Industries in a report on Thursday, June 15th. Zacks Investment Research lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Monday, July 10th. ValuEngine raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Deutsche Bank AG boosted their price target on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.43.

Shares of Armstrong World Industries Inc (NYSE AWI) traded down 2.70% during trading on Monday, reaching $48.60. 338,955 shares of the company were exchanged. Armstrong World Industries Inc has a 52-week low of $36.38 and a 52-week high of $50.15. The stock’s 50-day moving average is $46.69 and its 200-day moving average is $45.48. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 15.78 and a beta of 1.63.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $330.92 million. During the same period in the previous year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts predict that Armstrong World Industries Inc will post $2.72 earnings per share for the current fiscal year.

About Armstrong World Industries

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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