Teachers Retirement System of The State of Kentucky continued to hold its stake in Armstrong World Industries Inc (NYSE:AWI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,866 shares of the construction company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Armstrong World Industries were worth $1,099,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Armstrong World Industries by 10,381.5% in the first 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 in the last quarter. Iridian Asset Management LLC CT raised its stake in Armstrong World Industries by 20.4% in the first quarter. Iridian Asset Management LLC CT now owns 4,413,715 shares of the construction company’s stock valued at $203,252,000 after buying an additional 746,618 shares in the last quarter. Beck Mack & Oliver LLC purchased a new stake in Armstrong World Industries during the first quarter valued at about $30,743,000. FMR LLC raised its stake in Armstrong World Industries by 83.2% in the fourth quarter. FMR LLC now owns 838,773 shares of the construction company’s stock valued at $35,061,000 after buying an additional 380,903 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Armstrong World Industries during the first quarter valued at about $13,852,000.

Shares of Armstrong World Industries Inc (NYSE:AWI) opened at 45.65 on Monday. Armstrong World Industries Inc has a 12 month low of $36.38 and a 12 month high of $48.00. The firm has a 50-day moving average price of $44.04 and a 200 day moving average price of $43.52. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 17.50 and a beta of 1.63.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, May 1st. The construction company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $315.40 million for the quarter, compared to the consensus estimate of $298.69 million. Armstrong World Industries had a return on equity of 51.25% and a net margin of 11.48%. Armstrong World Industries’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. On average, analysts anticipate that Armstrong World Industries Inc will post $2.68 EPS for the current fiscal year.

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AWI has been the topic of several research reports. Instinet upped their price target on Armstrong World Industries from $20.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, April 17th. Nomura assumed coverage on Armstrong World Industries in a research report on Wednesday, April 12th. They set a “buy” rating and a $55.00 price target on the stock. Zacks Investment Research raised Armstrong World Industries from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Monday, April 24th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $50.00 target price on shares of Armstrong World Industries in a research report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Armstrong World Industries currently has a consensus rating of “Hold” and a consensus target price of $45.00.

About Armstrong World Industries

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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