Amalgamated Bank Acquires 1,669 Shares of Armstrong World Industries Inc (AWI)

Amalgamated Bank grew its stake in shares of Armstrong World Industries Inc (NYSE:AWI) by 25.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,335 shares of the construction company’s stock after purchasing an additional 1,669 shares during the quarter. Amalgamated Bank’s holdings in Armstrong World Industries were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AWI. BlackRock Inc. grew its position in shares of Armstrong World Industries by 10,381.5% during the first quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock worth $88,541,000 after acquiring an additional 1,904,378 shares during the last quarter. River Road Asset Management LLC purchased a new position in shares of Armstrong World Industries during the second quarter worth approximately $39,704,000. Iridian Asset Management LLC CT grew its position in shares of Armstrong World Industries by 7.6% during the second quarter. Iridian Asset Management LLC CT now owns 4,750,675 shares of the construction company’s stock worth $218,531,000 after acquiring an additional 336,960 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Armstrong World Industries during the first quarter worth approximately $13,852,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Armstrong World Industries by 62.1% during the first quarter. Goldman Sachs Group Inc. now owns 588,468 shares of the construction company’s stock worth $27,099,000 after acquiring an additional 225,402 shares during the last quarter.

Armstrong World Industries Inc (NYSE AWI) opened at 52.30 on Friday. Armstrong World Industries Inc has a 12-month low of $36.38 and a 12-month high of $52.45. The stock has a market cap of $2.77 billion, a PE ratio of 16.99 and a beta of 1.63. The firm has a 50-day moving average price of $48.80 and a 200-day moving average price of $46.13.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The company had revenue of $330.80 million for the quarter, compared to analyst estimates of $330.92 million. During the same quarter last year, the firm earned $0.56 EPS. Armstrong World Industries’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts forecast that Armstrong World Industries Inc will post $2.73 EPS for the current fiscal year.

A number of research firms recently weighed in on AWI. Royal Bank Of Canada restated a “hold” rating and set a $50.00 target price on shares of Armstrong World Industries in a research report on Tuesday, August 29th. ValuEngine downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. BidaskClub raised Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, TheStreet raised Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $46.00.

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About Armstrong World Industries

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.

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

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