Armstrong World Industries, Inc. (NYSE:AWI) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 34.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,735 shares of the construction company’s stock after purchasing an additional 10,192 shares during the quarter. Van ECK Associates Corp owned about 0.09% of Armstrong World Industries worth $5,616,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Natixis Advisors LLC raised its position in Armstrong World Industries by 16.0% during the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock worth $64,678,000 after acquiring an additional 67,798 shares during the period. State Street Corp boosted its stake in shares of Armstrong World Industries by 3.7% in the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock valued at $191,119,000 after buying an additional 51,839 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 valued at $111,954,000 after purchasing an additional 34,028 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Armstrong World Industries by 48.6% in the third quarter. Assenagon Asset Management S.A. now owns 95,567 shares of the construction company’s stock valued at $12,560,000 after buying an additional 31,251 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Armstrong World Industries by 166.2% in the third quarter. Bank of Montreal Can now owns 48,963 shares of the construction company’s stock valued at $6,417,000 after purchasing an additional 30,570 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $154.12 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The stock has a market cap of $6.72 billion, a P/E ratio of 27.18, a P/E/G ratio of 1.66 and a beta of 1.19. The firm’s 50-day simple moving average is $147.96 and its 200 day simple moving average is $141.01. Armstrong World Industries, Inc. has a fifty-two week low of $110.31 and a fifty-two week high of $164.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group boosted their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI increased their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Loop Capital boosted their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Armstrong World Industries presently has a consensus rating of “Hold” and a consensus 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.