Armstrong World Industries, Inc. $AWI Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,870 shares of the construction company’s stock after buying an additional 20,280 shares during the quarter. Public Sector Pension Investment Board owned 0.48% of Armstrong World Industries worth $40,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its position in shares of Armstrong World Industries by 33.2% during the third quarter. Illinois Municipal Retirement Fund now owns 31,759 shares of the construction company’s stock worth $6,225,000 after acquiring an additional 7,917 shares during the last quarter. LSV Asset Management acquired a new stake in Armstrong World Industries during the 3rd quarter valued at approximately $118,000. Caprock Group LLC acquired a new stake in Armstrong World Industries during the 3rd quarter valued at approximately $400,000. ING Groep NV purchased a new stake in Armstrong World Industries during the 3rd quarter worth approximately $3,273,000. Finally, Krilogy Financial LLC acquired a new position in shares of Armstrong World Industries in the 3rd quarter valued at approximately $753,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Down 2.1%

AWI stock opened at $196.63 on Friday. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.75 and a beta of 1.33. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $206.08. The firm has a fifty day moving average price of $191.07 and a two-hundred day moving average price of $192.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AWI. Wall Street Zen downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. Vertical Research began coverage on shares of Armstrong World Industries in a research report on Monday, October 20th. They issued a “buy” rating and a $238.00 target price for the company. UBS Group increased their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price target on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Armstrong World Industries presently has an average rating of “Moderate Buy” and an average price target of $207.50.

About Armstrong World Industries

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.