New York State Common Retirement Fund raised its stake in Armstrong World Industries Inc (NYSE:AWI) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 279,381 shares of the construction company’s stock after buying an additional 13,699 shares during the period. New York State Common Retirement Fund owned about 0.53% of Armstrong World Industries worth $12,852,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Armstrong World Industries by 8.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 179,704 shares of the construction company’s stock worth $8,276,000 after buying an additional 14,066 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Armstrong World Industries by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 3,440,487 shares of the construction company’s stock valued at $158,435,000 after purchasing an additional 165,841 shares during the last quarter. Morgan Stanley grew its holdings in shares of Armstrong World Industries by 84.7% during the 1st quarter. Morgan Stanley now owns 48,446 shares of the construction company’s stock valued at $2,231,000 after purchasing an additional 22,211 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Armstrong World Industries during the 1st quarter valued at $444,000. Finally, Primecap Management Co. CA grew its holdings in shares of Armstrong World Industries by 26.7% during the 1st quarter. Primecap Management Co. CA now owns 57,000 shares of the construction company’s stock valued at $2,625,000 after purchasing an additional 12,000 shares during the last quarter.

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Armstrong World Industries Inc (NYSE:AWI) opened at 52.35 on Friday. Armstrong World Industries Inc has a 12-month low of $36.38 and a 12-month high of $52.45. The company’s 50 day moving average is $48.60 and its 200 day moving average is $46.08. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 17.00 and a beta of 1.63.

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

AWI has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $50.00 target price on shares of Armstrong World Industries in a report on Thursday, June 15th. Zacks Investment Research lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Monday, July 10th. ValuEngine raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Deutsche Bank AG increased their target price on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Armstrong World Industries currently has a consensus rating of “Hold” and a consensus price target of $46.00.

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.

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

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