Nomura Holdings Inc. purchased a new position in Armstrong World Industries Inc (NYSE:AWI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 47,004 shares of the construction company’s stock, valued at approximately $4,630,000. Nomura Holdings Inc. owned 0.10% of Armstrong World Industries at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AWI. Lazard Asset Management LLC raised its holdings in Armstrong World Industries by 22.1% in the 1st quarter. Lazard Asset Management LLC now owns 5,801,842 shares of the construction company’s stock worth $460,782,000 after purchasing an additional 1,048,317 shares during the period. FMR LLC raised its holdings in shares of Armstrong World Industries by 77.9% during the first quarter. FMR LLC now owns 1,426,367 shares of the construction company’s stock valued at $113,282,000 after acquiring an additional 624,611 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Armstrong World Industries by 359.1% during the second quarter. JPMorgan Chase & Co. now owns 498,919 shares of the construction company’s stock valued at $48,804,000 after acquiring an additional 390,234 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Armstrong World Industries by 72.9% during the second quarter. Renaissance Technologies LLC now owns 678,300 shares of the construction company’s stock valued at $65,931,000 after acquiring an additional 285,900 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in shares of Armstrong World Industries during the second quarter valued at approximately $26,656,000. 99.52% of the stock is owned by institutional investors.
A number of equities analysts have commented on the company. SunTrust Banks increased their target price on Armstrong World Industries to $109.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. They noted that the move was a valuation call. KeyCorp increased their price target on Armstrong World Industries from $95.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. ValuEngine cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank reaffirmed a “buy” rating and issued a $107.00 price target on shares of Armstrong World Industries in a report on Monday, June 24th. Finally, Bank of America increased their price target on Armstrong World Industries from $108.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Armstrong World Industries has a consensus rating of “Hold” and a consensus target price of $91.45.
Shares of Armstrong World Industries stock opened at $96.08 on Friday. Armstrong World Industries Inc has a fifty-two week low of $54.34 and a fifty-two week high of $104.50. The stock has a 50 day moving average of $95.19 and a 200 day moving average of $90.99. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.33 and a beta of 1.58. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.07 and a current ratio of 1.20.
Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Monday, July 29th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $272.00 million during the quarter, compared to analyst estimates of $278.75 million. Armstrong World Industries had a return on equity of 77.10% and a net margin of 20.17%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.97 earnings per share. Analysts forecast that Armstrong World Industries Inc will post 4.58 EPS for the current year.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.
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