Bleakley Financial Group LLC Decreases Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Bleakley Financial Group LLC decreased its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 2.8% in the 4th quarter, HoldingsChannel reports. The fund owned 5,712 shares of the construction company’s stock after selling 163 shares during the quarter. Bleakley Financial Group LLC’s holdings in Armstrong World Industries were worth $807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Tealwood Asset Management Inc. grew its stake in shares of 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 purchasing an additional 71 shares during the period. OneDigital Investment Advisors LLC grew its position in Armstrong World Industries by 4.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock worth $245,000 after buying an additional 76 shares during the period. Blue Trust Inc. increased its holdings in Armstrong World Industries by 5.9% in the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after buying an additional 79 shares in the last quarter. US Bancorp DE lifted its position in shares of Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after acquiring an additional 82 shares during the period. Finally, Verdence Capital Advisors LLC lifted its position in shares of Armstrong World Industries by 3.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock valued at $399,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Evercore ISI raised 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 raised their price target on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Loop Capital lifted their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, UBS Group lifted their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Armstrong World Industries presently has a consensus rating of “Hold” and an average price target of $140.83.

Armstrong World Industries Trading Down 1.4 %

Armstrong World Industries stock opened at $151.03 on Monday. The stock has a 50-day moving average price of $148.67 and a 200 day moving average price of $139.87. Armstrong World Industries, Inc. has a 52 week low of $101.73 and a 52 week high of $164.40. The stock has a market cap of $6.58 billion, a PE ratio of 26.64, a P/E/G ratio of 1.66 and a beta of 1.19. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

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.