Armstrong World Industries, Inc. $AWI Stake Boosted by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 10.8% during the third quarter, Holdings Channel reports. The firm owned 208,870 shares of the construction company’s stock after buying an additional 20,280 shares during the period. Public Sector Pension Investment Board’s holdings in Armstrong World Industries were worth $40,941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Armstrong World Industries in the second quarter worth $84,412,000. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Armstrong World Industries by 121.3% during the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after acquiring an additional 404,000 shares during the period. AQR Capital Management LLC grew its position in shares of Armstrong World Industries by 118.6% during the second quarter. AQR Capital Management LLC now owns 543,009 shares of the construction company’s stock worth $88,206,000 after acquiring an additional 294,646 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Armstrong World Industries by 1,782.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 143,113 shares of the construction company’s stock worth $23,247,000 after acquiring an additional 135,512 shares during the period. Finally, Millennium Management LLC lifted its position in Armstrong World Industries by 571.7% in the 1st quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after purchasing an additional 100,175 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AWI. Vertical Research started coverage on shares of Armstrong World Industries in a research note on Monday, October 20th. They set a “buy” rating and a $238.00 target price for the company. UBS Group boosted their price objective on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price objective on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Zacks Research cut Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. One research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $207.50.

Armstrong World Industries Trading Down 2.1%

Shares of NYSE:AWI opened at $196.63 on Friday. The company has a 50 day moving average of $191.07 and a 200-day moving average of $192.25. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.48 billion, a P/E ratio of 28.13, a P/E/G ratio of 1.75 and a beta of 1.33. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08.

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.