4,375 Shares in Armstrong World Industries, Inc. $AWI Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,375 shares of the construction company’s stock, valued at approximately $858,000.

A number of other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Armstrong World Industries during the second quarter worth $32,000. Bessemer Group Inc. increased its holdings in Armstrong World Industries by 70.0% in the 3rd quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock valued at $44,000 after buying an additional 91 shares during the period. SJS Investment Consulting Inc. raised its stake in shares of Armstrong World Industries by 4,860.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock valued at $49,000 after buying an additional 243 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Armstrong World Industries during the 2nd quarter worth about $46,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 1.8%

Shares of NYSE:AWI opened at $200.40 on Friday. Armstrong World Industries, Inc. has a 12 month low of $122.37 and a 12 month high of $206.08. The firm has a market cap of $8.64 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.72 and a beta of 1.33. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $191.40 and its two-hundred day moving average price is $192.47.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AWI. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. Zacks Research lowered Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. UBS Group raised their target price 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. Wall Street Zen cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $207.50.

Armstrong World Industries Profile

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.