62,919 Shares in Armstrong World Industries Inc (AWI) Acquired by Foundry Partners LLC

Foundry Partners LLC acquired a new position in shares of Armstrong World Industries Inc (NYSE:AWI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 62,919 shares of the construction company’s stock, valued at approximately $2,894,000.

Other hedge funds have also recently bought and sold shares of the company. Invictus RG purchased a new stake in Armstrong World Industries during the first quarter worth approximately $117,000. Bank of Montreal Can raised its stake in Armstrong World Industries by 7.1% in the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock worth $122,000 after buying an additional 175 shares in the last quarter. Cipher Capital LP purchased a new stake in Armstrong World Industries during the first quarter worth approximately $205,000. Fox Run Management L.L.C. purchased a new stake in Armstrong World Industries during the first quarter worth approximately $215,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in Armstrong World Industries during the first quarter worth approximately $230,000.

Shares of Armstrong World Industries Inc (AWI) opened at 46.00 on Wednesday. Armstrong World Industries Inc has a 52-week low of $36.38 and a 52-week high of $49.55. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 14.94 and a beta of 1.65. The stock has a 50 day moving average of $45.91 and a 200-day moving average of $44.62.

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, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The business had revenue of $330.80 million for the quarter, compared to analysts’ expectations of $330.92 million. During the same quarter in the previous year, the business posted $0.56 EPS. Armstrong World Industries’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts predict that Armstrong World Industries Inc will post $2.73 EPS for the current fiscal year.

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A number of analysts have commented on the stock. Zacks Investment Research raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Thursday, June 8th. BidaskClub lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, TheStreet raised shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday, July 31st. 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’s stock. Armstrong World Industries has an average rating of “Hold” and a consensus target price of $45.43.

Armstrong World Industries Company Profile

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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