New York State Teachers Retirement System Increases Holdings in Armstrong World Industries, Inc. $AWI

New York State Teachers Retirement System increased its position in Armstrong World Industries, Inc. (NYSE:AWI) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,094 shares of the construction company’s stock after purchasing an additional 994 shares during the quarter. New York State Teachers Retirement System’s holdings in Armstrong World Industries were worth $1,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings in shares of Armstrong World Industries by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company’s stock worth $39,000 after buying an additional 140 shares during the period. Parallel Advisors LLC raised its holdings in shares of Armstrong World Industries by 28.9% in the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock valued at $75,000 after acquiring an additional 103 shares in the last quarter. Covestor Ltd raised its holdings in shares of Armstrong World Industries by 40.5% in the first quarter. Covestor Ltd now owns 590 shares of the construction company’s stock valued at $83,000 after acquiring an additional 170 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Armstrong World Industries in the first quarter worth about $91,000. Finally, Archer Investment Corp bought a new position in Armstrong World Industries during the 1st quarter worth about $113,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Price Performance

Shares of AWI opened at $203.94 on Wednesday. The company has a 50 day moving average of $196.33 and a two-hundred day moving average of $170.78. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $205.97. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 2.02 and a beta of 1.45.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. The firm had revenue of $325.00 million during the quarter. Armstrong World Industries had a return on equity of 39.80% and a net margin of 18.95%. As a group, analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AWI has been the subject of several recent research reports. Vertical Research assumed coverage on shares of Armstrong World Industries in a report on Monday. They issued a “buy” rating and a $238.00 price target for the company. Evercore ISI boosted their price objective on shares of Armstrong World Industries from $157.00 to $182.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 30th. Loop Capital set a $190.00 target price on Armstrong World Industries and gave the stock a “hold” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They set an “overweight” rating and a $200.00 target price on the stock. Finally, Wall Street Zen lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $202.25.

Armstrong World Industries Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.