Blue Trust Inc. Acquires 163 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Blue Trust Inc. lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,591 shares of the construction company’s stock after purchasing an additional 163 shares during the quarter. Blue Trust Inc.’s holdings in Armstrong World Industries were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AWI. Tealwood Asset Management Inc. grew its position in Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock worth $1,313,000 after acquiring an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Armstrong World Industries by 4.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock worth $245,000 after purchasing an additional 76 shares during the last quarter. US Bancorp DE grew its stake in shares of Armstrong World Industries by 13.9% in the third quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after purchasing an additional 82 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Armstrong World Industries by 3.6% in the third quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock worth $399,000 after acquiring an additional 104 shares during the period. Finally, First Horizon Advisors Inc. increased its position in Armstrong World Industries by 25.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 634 shares of the construction company’s stock valued at $83,000 after purchasing an additional 130 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AWI. Truist Financial boosted their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Loop Capital increased their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, UBS Group upped their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $140.83.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $149.54 on Tuesday. Armstrong World Industries, Inc. has a 12 month low of $99.63 and a 12 month high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock has a market cap of $6.52 billion, a P/E ratio of 26.37, a P/E/G ratio of 1.64 and a beta of 1.19. The company has a 50 day moving average of $149.41 and a 200 day moving average of $139.16.

Armstrong World Industries Profile

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.