By otakuyassine3@gmail.com 
Armstrong World Industries, Inc. (NYSE:AWI – Get Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 540,500 shares, a growth of 12.4% from the December 31st total of 480,800 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 204,500 shares, the days-to-cover ratio is currently 2.6 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AWI. State Street Corp boosted its position in shares of Armstrong World Industries by 3.7% during the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock valued at $191,119,000 after acquiring an additional 51,839 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $111,954,000 after purchasing an additional 34,028 shares in the last quarter. Natixis Advisors LLC boosted its holdings 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 worth $64,678,000 after acquiring an additional 67,798 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Armstrong World Industries by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company’s stock worth $62,074,000 after acquiring an additional 18,333 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Armstrong World Industries by 11.0% in the fourth quarter. Allianz Asset Management GmbH now owns 310,723 shares of the construction company’s stock worth $43,914,000 after purchasing an additional 30,878 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.
Armstrong World Industries Stock Performance
Shares of Armstrong World Industries stock traded down $1.47 during trading hours on Monday, hitting $149.54. 240,101 shares of the company’s stock traded hands, compared to its average volume of 196,902. Armstrong World Industries has a 12-month low of $99.63 and a 12-month high of $164.40. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.64 and a beta of 1.19. The company has a fifty day simple moving average of $149.41 and a 200-day simple moving average of $139.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.
Analyst Ratings Changes
A number of equities analysts have recently commented on AWI shares. Truist Financial lifted their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. UBS Group boosted their price target on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI boosted their price target on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $140.83.
View Our Latest Analysis on AWI
About Armstrong World Industries
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.
Further Reading
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