Armstrong World Industries Inc (AWI) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its holdings in shares of Armstrong World Industries Inc (NYSE:AWI) by 30.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,932 shares of the construction company’s stock after selling 1,686 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Armstrong World Industries were worth $181,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Iridian Asset Management LLC CT increased its position in shares of Armstrong World Industries by 7.6% during the 2nd quarter. Iridian Asset Management LLC CT now owns 4,750,675 shares of the construction company’s stock valued at $218,531,000 after purchasing an additional 336,960 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Armstrong World Industries by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,491,622 shares of the construction company’s stock valued at $160,614,000 after acquiring an additional 51,135 shares during the last quarter. BlackRock Inc. boosted its position in shares of Armstrong World Industries by 10,381.5% during the 1st quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock valued at $88,541,000 after acquiring an additional 1,904,378 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in shares of Armstrong World Industries by 0.3% during the 2nd quarter. Fiduciary Management Inc. WI now owns 1,880,684 shares of the construction company’s stock valued at $86,511,000 after acquiring an additional 4,943 shares during the last quarter. Finally, Tiger Global Management LLC boosted its position in shares of Armstrong World Industries by 8.2% during the 2nd quarter. Tiger Global Management LLC now owns 1,779,431 shares of the construction company’s stock valued at $81,854,000 after acquiring an additional 134,431 shares during the last quarter.

A number of brokerages have recently issued reports on AWI. KeyCorp reiterated a “hold” rating on shares of Armstrong World Industries in a research report on Friday, September 22nd. Deutsche Bank AG boosted their target price on Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. ValuEngine downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. TheStreet raised Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, BidaskClub raised Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.00.

Armstrong World Industries Inc (NYSE:AWI) traded up 0.66% during midday trading on Thursday, hitting $53.20. The stock had a trading volume of 92,524 shares. The firm has a 50-day moving average of $49.40 and a 200-day moving average of $46.30. Armstrong World Industries Inc has a 12-month low of $36.38 and a 12-month high of $53.40. The company has a market cap of $2.81 billion, a PE ratio of 17.28 and a beta of 1.63.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, July 31st. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The firm had revenue of $330.80 million for the quarter, compared to analyst estimates of $330.92 million. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. Armstrong World Industries’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. Equities research analysts forecast that Armstrong World Industries Inc will post $2.73 EPS for the current year.

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Armstrong World Industries Company Profile

Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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