Teachers Advisors LLC lessened its position in shares of Armstrong World Industries Inc (NYSE:AWI) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,133 shares of the construction company’s stock after selling 2,312 shares during the quarter. Teachers Advisors LLC owned about 0.09% of Armstrong World Industries worth $2,168,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT raised its position in shares of Armstrong World Industries by 7.6% during the 2nd quarter. Iridian Asset Management LLC CT now owns 4,750,675 shares of the construction company’s stock valued at $218,531,000 after buying an additional 336,960 shares during the period. Vanguard Group Inc. raised its position 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 buying an additional 165,841 shares during the period. BlackRock Inc. raised its position in shares of Armstrong World Industries by 10,381.5% during the 1st quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock valued at $88,541,000 after buying an additional 1,904,378 shares during the period. First Eagle Investment Management LLC raised its position in shares of Armstrong World Industries by 9.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,323,541 shares of the construction company’s stock valued at $60,883,000 after buying an additional 114,380 shares during the period. Finally, River Road Asset Management LLC purchased a new stake in shares of Armstrong World Industries during the 2nd quarter valued at approximately $39,704,000.

COPYRIGHT VIOLATION NOTICE: “Teachers Advisors LLC Has $2.17 Million Stake in Armstrong World Industries Inc (AWI)” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/teachers-advisors-llc-has-2-17-million-stake-in-armstrong-world-industries-inc-awi/1647045.html.

Several research firms have recently commented on AWI. Zacks Investment Research lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. BidaskClub lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. ValuEngine lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. lifted their price target on shares of Armstrong World Industries from $52.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $50.00 price target on shares of Armstrong World Industries in a research report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.00.

Shares of Armstrong World Industries Inc (NYSE:AWI) opened at 53.55 on Friday. The company has a 50-day moving average of $50.83 and a 200 day moving average of $46.70. The firm has a market cap of $2.83 billion, a P/E ratio of 17.39 and a beta of 1.63. Armstrong World Industries Inc has a 12-month low of $36.38 and a 12-month high of $54.45.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, topping 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 last year, the firm posted $0.56 earnings per share. Equities research analysts anticipate 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.

Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries Inc (NYSE:AWI).

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

Receive News & Ratings for Armstrong World Industries Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.