429,301 Shares in Armstrong World Industries Inc (AWI) Acquired by Timucuan Asset Management Inc. FL

Timucuan Asset Management Inc. FL acquired a new position in Armstrong World Industries Inc (NYSE:AWI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 429,301 shares of the construction company’s stock, valued at approximately $19,748,000. Armstrong World Industries comprises about 1.9% of Timucuan Asset Management Inc. FL’s investment portfolio, making the stock its 12th biggest position. Timucuan Asset Management Inc. FL owned approximately 0.81% of Armstrong World Industries at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AWI. Swiss National Bank grew its stake in shares of Armstrong World Industries by 1.3% in the first quarter. Swiss National Bank now owns 68,400 shares of the construction company’s stock worth $3,150,000 after purchasing an additional 900 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Armstrong World Industries by 13.2% in the first quarter. UBS Asset Management Americas Inc. now owns 36,461 shares of the construction company’s stock worth $1,679,000 after purchasing an additional 4,247 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Armstrong World Industries in the first quarter worth $444,000. Ameriprise Financial Inc. grew its stake in shares of Armstrong World Industries by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 145,348 shares of the construction company’s stock worth $6,694,000 after purchasing an additional 3,340 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Armstrong World Industries by 6.6% in the first quarter. Prudential Financial Inc. now owns 158,982 shares of the construction company’s stock worth $7,321,000 after purchasing an additional 9,800 shares during the last quarter.

Shares of Armstrong World Industries Inc (AWI) traded up 0.10% during mid-day trading on Tuesday, reaching $52.55. 39,049 shares of the company’s stock were exchanged. The stock has a market cap of $2.78 billion, a PE ratio of 17.07 and a beta of 1.63. The company has a 50 day moving average price of $49.01 and a 200-day moving average price of $46.19. Armstrong World Industries Inc has a one year low of $36.38 and a one year high of $52.75.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Monday, July 31st. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm 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 company earned $0.56 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts predict that Armstrong World Industries Inc will post $2.73 EPS for the current year.

Several analysts recently weighed in on AWI shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $50.00 price objective on shares of Armstrong World Industries in a research note on Thursday, June 15th. Zacks Investment Research cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub cut shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, TheStreet raised shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $46.00.

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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.

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

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