Sun Life Financial INC raised its position in Armstrong World Industries Inc (NYSE:AWI) by 260.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,891 shares of the construction company’s stock after purchasing an additional 4,981 shares during the period. Sun Life Financial INC’s holdings in Armstrong World Industries were worth $401,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Csenge Advisory Group acquired a new stake in Armstrong World Industries in the third quarter valued at $368,000. First Hawaiian Bank grew its holdings in Armstrong World Industries by 18.5% in the fourth quarter. First Hawaiian Bank now owns 8,525 shares of the construction company’s stock valued at $496,000 after purchasing an additional 1,330 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in Armstrong World Industries in the third quarter valued at $665,000. Franklin Resources Inc. grew its holdings in Armstrong World Industries by 16.0% in the third quarter. Franklin Resources Inc. now owns 51,188 shares of the construction company’s stock valued at $3,562,000 after purchasing an additional 7,042 shares during the last quarter. Finally, Equitable Trust Co. acquired a new stake in Armstrong World Industries in the third quarter valued at $7,589,000. 97.00% of the stock is currently owned by institutional investors.
Shares of AWI traded up $0.97 during trading hours on Friday, reaching $69.59. 8,277 shares of the company traded hands, compared to its average volume of 285,312. The company has a quick ratio of 1.35, a current ratio of 1.46 and a debt-to-equity ratio of 2.36. The firm has a market cap of $3.44 billion, a P/E ratio of 23.02, a PEG ratio of 0.94 and a beta of 1.77. Armstrong World Industries Inc has a fifty-two week low of $54.34 and a fifty-two week high of $73.45.
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Armstrong World Industries Company Profile
Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.
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