Pacer Advisors Inc. Buys New Shares in Armstrong World Industries, Inc. (NYSE:AWI)

Pacer Advisors Inc. purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,019 shares of the construction company’s stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWI. Natixis Advisors LLC boosted its stake in Armstrong World Industries by 16.0% in the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock worth $64,678,000 after buying an additional 67,798 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Armstrong World Industries by 32.9% during the 3rd quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock valued at $2,625,000 after purchasing an additional 4,945 shares during the last quarter. Geode Capital Management LLC raised its position in Armstrong World Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after purchasing an additional 34,028 shares during the period. BNP Paribas Financial Markets lifted its stake in Armstrong World Industries by 89.2% in the third quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock worth $1,447,000 after purchasing an additional 5,191 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Armstrong World Industries during the third quarter valued at about $1,035,000. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Down 0.1 %

Shares of NYSE AWI opened at $149.30 on Wednesday. The firm has a fifty day simple moving average of $149.15 and a two-hundred day simple moving average of $139.36. 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 firm has a market capitalization of $6.51 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.64 and a beta of 1.19.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group lifted their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Evercore ISI boosted their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Loop Capital raised their target price on shares of 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 upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, UBS Group raised their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Armstrong World Industries presently has a consensus rating of “Hold” and an average target price of $140.83.

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.