Armstrong World Industries Inc (AWI) Stake Decreased by State Street Corp

State Street Corp reduced its position in Armstrong World Industries Inc (NYSE:AWI) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,065,821 shares of the company’s stock after selling 74,991 shares during the period. State Street Corp owned about 1.93% of Armstrong World Industries worth $44,552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Independent Portfolio Consultants Inc. purchased a new position in shares of Armstrong World Industries during the third quarter worth about $152,000. Foster Dykema Cabot & Co. Inc. MA purchased a new position in shares of Armstrong World Industries during the third quarter worth about $207,000. Weiss Asset Management LP purchased a new position in shares of Armstrong World Industries during the third quarter worth about $240,000. Canada Pension Plan Investment Board increased its position in shares of Armstrong World Industries by 6,300.0% in the third quarter. Canada Pension Plan Investment Board now owns 6,400 shares of the company’s stock worth $264,000 after buying an additional 6,300 shares during the period. Finally, Smithfield Trust Co. purchased a new position in shares of Armstrong World Industries during the third quarter worth about $313,000.

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

Armstrong World Industries Inc (NYSE:AWI) opened at 45.95 on Tuesday. The firm has a market cap of $2.47 billion, a P/E ratio of 24.52 and a beta of 1.38. Armstrong World Industries Inc has a 52-week low of $36.33 and a 52-week high of $48.00. The company’s 50 day moving average is $42.65 and its 200-day moving average is $41.41.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, February 27th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Armstrong World Industries had a return on equity of 22.79% and a net margin of 3.55%. The company earned $297.90 million during the quarter, compared to the consensus estimate of $302.28 million. During the same period in the previous year, the firm posted $0.29 earnings per share. Armstrong World Industries’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that Armstrong World Industries Inc will post $2.62 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on AWI. Macquarie restated a “neutral” rating on shares of Armstrong World Industries in a research report on Friday, December 16th. Royal Bank of Canada restated a “hold” rating and issued a $50.00 price target on shares of Armstrong World Industries in a research report on Tuesday, February 28th. Finally, Zacks Investment Research downgraded shares of Armstrong World Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 22nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $44.10.

About Armstrong World Industries

Armstrong World Industries, Inc (AWI) is engaged in the design and manufacturing of commercial and residential ceiling, wall and suspension system solutions. AWI has a manufacturing network approximately 20 facilities, including approximately 10 plants to its Worthington Armstrong Venture (WAVE) joint venture.

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