1,695 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Acquired by Longboard Asset Management LP

Longboard Asset Management LP acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,695 shares of the construction company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in Armstrong World Industries by 3.7% in the third 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 last quarter. Geode Capital Management LLC boosted its position in shares of Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after acquiring an additional 34,028 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after acquiring an additional 67,798 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Armstrong World Industries by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company’s stock worth $62,074,000 after acquiring an additional 18,333 shares in the last quarter. Finally, Harvey Partners LLC lifted its stake in Armstrong World Industries by 0.4% during the third quarter. Harvey Partners LLC now owns 230,500 shares of the construction company’s stock worth $30,295,000 after purchasing an additional 1,000 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

NYSE:AWI opened at $149.54 on Tuesday. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.64 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a 1-year low of $99.63 and a 1-year high of $164.40. The firm’s fifty day moving average price is $149.41 and its 200 day moving average price is $139.16.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AWI. UBS Group raised their price objective 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. Evercore ISI lifted 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 upped 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. Jefferies Financial Group lifted their target price on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $140.83.

Armstrong World Industries Company 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.