Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Quent Capital LLC

Quent Capital LLC increased its position in Armstrong World Industries, Inc. (NYSE:AWI) by 288.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229 shares of the construction company’s stock after acquiring an additional 170 shares during the period. Quent Capital LLC’s holdings in Armstrong World Industries were worth $32,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in shares of Armstrong World Industries in the 3rd quarter worth approximately $26,000. V Square Quantitative Management LLC acquired a new stake in Armstrong World Industries during the 3rd quarter valued at $31,000. ORG Wealth Partners LLC acquired a new stake in Armstrong World Industries during the 4th quarter valued at $32,000. Fortitude Family Office LLC acquired a new stake in Armstrong World Industries during the 4th quarter valued at $33,000. Finally, Point72 DIFC Ltd acquired a new stake in Armstrong World Industries during the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Trading Up 1.3 %

Shares of Armstrong World Industries stock opened at $153.17 on Friday. Armstrong World Industries, Inc. has a fifty-two week low of $104.26 and a fifty-two week high of $164.40. The firm has a market cap of $6.68 billion, a PE ratio of 27.01, a P/E/G ratio of 1.66 and a beta of 1.19. The business’s fifty day moving average is $148.09 and its two-hundred day moving average is $140.35. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Analyst Ratings Changes

AWI has been the topic of a number of analyst reports. Truist Financial increased their target price on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Loop Capital increased their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. UBS Group increased their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Evercore ISI increased their price target on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $140.83.

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.