Principal Financial Group Inc. Sells 6,993 Shares of Armstrong World Industries, Inc. $AWI

Principal Financial Group Inc. reduced its position in Armstrong World Industries, Inc. (NYSE:AWI) by 3.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 207,363 shares of the construction company’s stock after selling 6,993 shares during the period. Principal Financial Group Inc. owned 0.48% of Armstrong World Industries worth $40,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in shares of Armstrong World Industries in the third quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in Armstrong World Industries in the 2nd quarter valued at approximately $32,000. Headlands Technologies LLC bought a new stake in Armstrong World Industries during the 2nd quarter valued at $46,000. MAI Capital Management purchased a new stake in shares of Armstrong World Industries during the second quarter worth $47,000. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Armstrong World Industries by 4,860.0% in the third quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock worth $49,000 after acquiring an additional 243 shares during the period. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Up 1.4%

Shares of AWI opened at $193.72 on Friday. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $206.08. The company has a market capitalization of $8.36 billion, a P/E ratio of 27.71, a P/E/G ratio of 1.66 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. The firm’s 50 day simple moving average is $189.90 and its 200 day simple moving average is $191.10.

Analyst Ratings Changes

AWI has been the topic of a number of recent research reports. Wall Street Zen cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. UBS Group increased their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Zacks Research lowered shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Armstrong World Industries has a consensus rating of “Moderate Buy” and a consensus target price of $207.50.

About Armstrong World Industries

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.