Allianz Asset Management GmbH Sells 42,518 Shares of Armstrong World Industries, Inc. $AWI

Allianz Asset Management GmbH cut its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 23.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,736 shares of the construction company’s stock after selling 42,518 shares during the quarter. Allianz Asset Management GmbH’s holdings in Armstrong World Industries were worth $26,998,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Armstrong World Industries in the 3rd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Armstrong World Industries during the second quarter valued at approximately $32,000. SJS Investment Consulting Inc. raised its holdings in shares of Armstrong World Industries by 4,860.0% in the third quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares during the period. Headlands Technologies LLC bought a new stake in shares of Armstrong World Industries during the 2nd quarter worth approximately $46,000. Finally, MAI Capital Management purchased a new position in Armstrong World Industries during the 2nd quarter valued at $47,000. Institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AWI shares. Zacks Research lowered Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. UBS Group upped their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price on shares of Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Vertical Research initiated coverage on shares of Armstrong World Industries in a research report on Monday, October 20th. They set a “buy” rating and a $238.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Armstrong World Industries currently has an average rating of “Moderate Buy” and an average target price of $207.50.

Armstrong World Industries Trading Up 1.4%

AWI opened at $193.72 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.66 and a beta of 1.33. Armstrong World Industries, Inc. has a 12 month low of $122.37 and a 12 month high of $206.08. The stock has a fifty day moving average price of $189.90 and a 200-day moving average price of $191.10.

Armstrong World Industries Company Profile

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.