Armstrong World Industries Inc (AWI) Shares Bought by Atlantic Trust Group LLC

Atlantic Trust Group LLC lifted its stake in Armstrong World Industries Inc (NYSE:AWI) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,240 shares of the construction company’s stock after purchasing an additional 1,355 shares during the period. Atlantic Trust Group LLC’s holdings in Armstrong World Industries were worth $563,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Armstrong World Industries by 14.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock worth $106,000 after purchasing an additional 286 shares during the period. Invictus RG purchased a new stake in shares of Armstrong World Industries in the 1st quarter worth about $117,000. Bank of Montreal Can lifted its position in shares of Armstrong World Industries by 7.1% in the 1st quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock worth $122,000 after purchasing an additional 175 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Armstrong World Industries by 239.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock worth $128,000 after purchasing an additional 1,964 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Armstrong World Industries in the 2nd quarter worth about $149,000.

AWI has been the subject of several research analyst reports. 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. Zacks Investment Research cut shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. ValuEngine upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG increased their price target on shares of Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.43.

Armstrong World Industries Inc (AWI) opened at 48.80 on Wednesday. Armstrong World Industries Inc has a 52 week low of $36.38 and a 52 week high of $50.15. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 15.85 and a beta of 1.63. The company has a 50 day moving average of $46.74 and a 200 day moving average of $45.54.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data 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. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The company had revenue of $330.80 million during the quarter, compared to analyst estimates of $330.92 million. During the same period in the prior year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Armstrong World Industries Inc will post $2.72 EPS for the current fiscal year.

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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.

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

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