Armstrong World Industries, Inc. $AWI Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 3.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 292,783 shares of the construction company’s stock after selling 11,546 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Armstrong World Industries were worth $57,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group raised its stake in shares of Armstrong World Industries by 3.3% in the 2nd quarter. Schroder Investment Management Group now owns 177,232 shares of the construction company’s stock valued at $28,790,000 after purchasing an additional 5,730 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Armstrong World Industries by 121.3% in the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock worth $119,718,000 after purchasing an additional 404,000 shares in the last quarter. Calamos Advisors LLC bought a new stake in Armstrong World Industries in the third quarter valued at about $2,055,000. Assenagon Asset Management S.A. raised its stake in Armstrong World Industries by 24.1% during the third quarter. Assenagon Asset Management S.A. now owns 142,100 shares of the construction company’s stock valued at $27,853,000 after buying an additional 27,602 shares in the last quarter. Finally, Creative Planning lifted its holdings in Armstrong World Industries by 2.0% during the 2nd quarter. Creative Planning now owns 17,925 shares of the construction company’s stock worth $2,912,000 after buying an additional 349 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Trading Up 0.9%

Armstrong World Industries stock opened at $200.13 on Tuesday. Armstrong World Industries, Inc. has a 52-week low of $122.37 and a 52-week high of $206.08. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.73 and a beta of 1.33. The firm has a 50-day moving average price of $190.29 and a two-hundred day moving average price of $191.92.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. JPMorgan Chase & Co. increased their target price on shares of Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. UBS Group lifted their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Vertical Research started coverage on shares of Armstrong World Industries in a research note on Monday, October 20th. They set a “buy” rating and a $238.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.50.

About Armstrong World Industries

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.