Schwartz Investment Counsel Inc. Reduces Position in Armstrong World Industries, Inc. (NYSE:AWI)

Schwartz Investment Counsel Inc. trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 13.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 78,000 shares of the construction company’s stock after selling 12,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Armstrong World Industries were worth $11,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Armstrong World Industries by 3.7% during the third quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock valued at $191,119,000 after buying an additional 51,839 shares during the period. Geode Capital Management LLC lifted its stake in shares of Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after acquiring an additional 34,028 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Armstrong World Industries by 16.0% during the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after acquiring an additional 67,798 shares during the period. Charles Schwab Investment Management Inc. grew its position in Armstrong World Industries by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company’s stock valued at $62,074,000 after acquiring an additional 18,333 shares during the last quarter. Finally, Harvey Partners LLC increased its stake in Armstrong World Industries by 0.4% in the third quarter. Harvey Partners LLC now owns 230,500 shares of the construction company’s stock worth $30,295,000 after purchasing an additional 1,000 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AWI has been the subject of a number of recent analyst reports. UBS Group boosted their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Loop Capital boosted their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Truist Financial lifted their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI increased their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $140.83.

Armstrong World Industries Price Performance

NYSE AWI opened at $152.31 on Wednesday. The company has a market cap of $6.64 billion, a PE ratio of 26.86, a P/E/G ratio of 1.66 and a beta of 1.19. The firm’s 50 day moving average price is $148.38 and its 200-day moving average price is $140.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a 52-week low of $101.73 and a 52-week high of $164.40.

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.