Canada Pension Plan Investment Board Has $30.81 Million Position in Armstrong World Industries Inc (AWI)

Canada Pension Plan Investment Board boosted its stake in Armstrong World Industries Inc (NYSE:AWI) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 529,400 shares of the construction company’s stock after purchasing an additional 96,500 shares during the quarter. Canada Pension Plan Investment Board owned about 1.07% of Armstrong World Industries worth $30,814,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in Armstrong World Industries in the fourth quarter valued at about $38,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Armstrong World Industries by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,064 shares of the construction company’s stock worth $178,000 after acquiring an additional 356 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Armstrong World Industries during the third quarter worth about $196,000. CHICAGO TRUST Co NA bought a new stake in shares of Armstrong World Industries during the fourth quarter worth about $202,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Armstrong World Industries during the third quarter worth about $210,000. 97.00% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the company. Zacks Investment Research cut Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. Bank of America upgraded Armstrong World Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Friday, January 4th. Nomura set a $72.00 price target on Armstrong World Industries and gave the stock a “buy” rating in a report on Monday, December 17th. SunTrust Banks restated a “positive” rating and set a $85.00 price target on shares of Armstrong World Industries in a report on Friday, November 9th. Finally, Jefferies Financial Group restated a “hold” rating and set a $70.00 price target on shares of Armstrong World Industries in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $72.88.

Shares of AWI stock opened at $69.72 on Tuesday. Armstrong World Industries Inc has a one year low of $54.34 and a one year high of $73.45. The company has a market capitalization of $3.46 billion, a P/E ratio of 23.09, a P/E/G ratio of 0.94 and a beta of 1.77. The company has a current ratio of 1.46, a quick ratio of 1.35 and a debt-to-equity ratio of 2.36.

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About Armstrong World Industries

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

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