Rice Hall James & Associates LLC Decreases Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Rice Hall James & Associates LLC lowered its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,723 shares of the construction company’s stock after selling 10,227 shares during the period. Armstrong World Industries makes up approximately 1.5% of Rice Hall James & Associates LLC’s portfolio, making the stock its 16th largest position. Rice Hall James & Associates LLC’s holdings in Armstrong World Industries were worth $27,803,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AWI. Natixis Advisors LLC raised its position in Armstrong World Industries by 16.0% in the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after purchasing an additional 67,798 shares during the period. Quest Partners LLC grew its stake in shares of Armstrong World Industries by 32.9% during the third quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock worth $2,625,000 after purchasing an additional 4,945 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Armstrong World Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after purchasing an additional 34,028 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Armstrong World Industries by 89.2% in the third quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock valued at $1,447,000 after acquiring an additional 5,191 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Armstrong World Industries in the third quarter valued at $1,035,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. 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 increased their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group increased their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI increased their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Loop Capital increased their price target 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Stock Up 0.7 %

Shares of NYSE AWI opened at $154.05 on Tuesday. The firm has a market cap of $6.72 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19. The firm’s 50 day moving average price is $147.97 and its 200 day moving average price is $140.81. Armstrong World Industries, Inc. has a 1 year low of $104.53 and a 1 year high of $164.40. 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 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.