Teachers Retirement System of The State of Kentucky held its position in shares of Armstrong World Industries Inc (NYSE:AWI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,866 shares of the construction company’s stock at the end of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in Armstrong World Industries were worth $1,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AWI. BlackRock Inc. raised its stake in Armstrong World Industries by 10,381.5% during the first quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock worth $88,541,000 after acquiring an additional 1,904,378 shares during the period. River Road Asset Management LLC acquired a new stake in Armstrong World Industries during the second quarter worth about $39,704,000. Iridian Asset Management LLC CT raised its stake in Armstrong World Industries by 7.6% during the second quarter. Iridian Asset Management LLC CT now owns 4,750,675 shares of the construction company’s stock worth $218,531,000 after acquiring an additional 336,960 shares during the period. Renaissance Technologies LLC acquired a new stake in Armstrong World Industries during the first quarter worth about $13,852,000. Finally, Goldman Sachs Group Inc. raised its stake in Armstrong World Industries by 62.1% during the first quarter. Goldman Sachs Group Inc. now owns 588,468 shares of the construction company’s stock worth $27,099,000 after acquiring an additional 225,402 shares during the period.

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Several equities research analysts recently weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Armstrong World Industries in a research note on Friday, September 22nd. Deutsche Bank AG raised their price target on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. TheStreet upgraded shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, BidaskClub upgraded shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Armstrong World Industries presently has an average rating of “Hold” and an average target price of $46.00.

Shares of Armstrong World Industries Inc (NYSE:AWI) opened at 52.50 on Tuesday. The firm has a 50 day moving average of $49.01 and a 200 day moving average of $46.19. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 17.05 and a beta of 1.63. Armstrong World Industries Inc has a 52 week low of $36.38 and a 52 week high of $52.60.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 EPS for the quarter, beating the Zacks’ 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 net margin of 13.24% and a return on equity of 49.73%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. Equities analysts predict that Armstrong World Industries Inc will post $2.73 earnings per share for the current fiscal year.

Armstrong World Industries 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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