Armstrong World Industries, Inc. (NYSE:AWI) Shares Bought by KBC Group NV

KBC Group NV grew its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 62.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,822 shares of the construction company’s stock after buying an additional 698 shares during the period. KBC Group NV’s holdings in Armstrong World Industries were worth $258,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AWI. Transcendent Capital Group LLC purchased a new stake in Armstrong World Industries in the third quarter valued at $26,000. V Square Quantitative Management LLC purchased a new stake in shares of Armstrong World Industries in the 3rd quarter valued at about $31,000. ORG Wealth Partners LLC acquired a new stake in shares of Armstrong World Industries in the 4th quarter valued at about $32,000. Fortitude Family Office LLC purchased a new position in Armstrong World Industries during the 4th quarter worth approximately $33,000. Finally, Point72 DIFC Ltd purchased a new position in Armstrong World Industries during the 3rd quarter worth approximately $47,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AWI shares. Loop Capital increased their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. UBS Group raised their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI upped their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial lifted their target price on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Trading Down 1.0 %

Shares of AWI stock opened at $149.54 on Tuesday. Armstrong World Industries, Inc. has a 1-year low of $99.63 and a 1-year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The business’s fifty day moving average price is $149.41 and its 200 day moving average price is $139.16. The firm has a market capitalization of $6.52 billion, a PE ratio of 26.37, a P/E/G ratio of 1.64 and a beta of 1.19.

About Armstrong World Industries

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.