ValueAct Holdings L.P. maintained its stake in shares of Armstrong World Industries Inc (NYSE:AWI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,200,000 shares of the construction company’s stock at the close of the 2nd quarter. Armstrong World Industries makes up 3.8% of ValueAct Holdings L.P.’s portfolio, making the stock its 11th biggest position. ValueAct Holdings L.P. owned about 17.40% of Armstrong World Industries worth $423,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. BlueCrest Capital Management Ltd bought a new stake in shares of Armstrong World Industries during the 2nd quarter worth about $690,000. State Street Corp boosted its holdings in shares of Armstrong World Industries by 3.3% during the 2nd quarter. State Street Corp now owns 1,014,984 shares of the construction company’s stock worth $46,689,000 after buying an additional 32,325 shares during the period. Royal Bank of Canada boosted its holdings in shares of Armstrong World Industries by 921.2% during the 2nd quarter. Royal Bank of Canada now owns 6,444 shares of the construction company’s stock worth $296,000 after buying an additional 5,813 shares during the period. Tiger Global Management LLC boosted its holdings in shares of Armstrong World Industries by 8.2% during the 2nd quarter. Tiger Global Management LLC now owns 1,779,431 shares of the construction company’s stock worth $81,854,000 after buying an additional 134,431 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of Armstrong World Industries during the 2nd quarter worth about $456,000.

Shares of Armstrong World Industries Inc (AWI) remained flat at $52.35 during mid-day trading on Friday. The stock had a trading volume of 46,007 shares. The stock’s 50-day moving average is $48.60 and its 200-day moving average is $46.08. Armstrong World Industries Inc has a one year low of $36.38 and a one year high of $52.45. The stock has a market capitalization of $2.77 billion, a P/E ratio of 17.00 and a beta of 1.63.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The firm 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 company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. Equities research analysts anticipate that Armstrong World Industries Inc will post $2.73 earnings per share for the current fiscal year.

AWI has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Deutsche Bank AG lifted their price objective on shares of Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $50.00 price objective on shares of Armstrong World Industries in a research note on Thursday, June 15th. Finally, BidaskClub upgraded shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Two equities research 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 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.

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

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