Illinois Municipal Retirement Fund Purchases 7,917 Shares of Armstrong World Industries, Inc. $AWI

Illinois Municipal Retirement Fund lifted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 33.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,759 shares of the construction company’s stock after buying an additional 7,917 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.07% of Armstrong World Industries worth $6,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AWI. Millennium Management LLC lifted its holdings in Armstrong World Industries by 571.7% in the first quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock valued at $16,581,000 after acquiring an additional 100,175 shares during the period. Jones Financial Companies Lllp increased its position in shares of Armstrong World Industries by 142.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock valued at $431,000 after purchasing an additional 1,796 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Armstrong World Industries by 63.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock worth $17,636,000 after purchasing an additional 48,544 shares during the period. Jane Street Group LLC boosted its holdings in shares of Armstrong World Industries by 144.2% in the first quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock worth $9,881,000 after buying an additional 41,417 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Armstrong World Industries during the second quarter valued at approximately $291,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 1.8%

AWI opened at $200.40 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.04 and a current ratio of 1.52. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $206.08. The firm’s fifty day moving average is $191.40 and its 200 day moving average is $192.47. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33.

Analyst Upgrades and Downgrades

AWI has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, January 21st. Zacks Research cut Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. UBS Group upped their price target on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Vertical Research started coverage on Armstrong World Industries in a research report on Monday, October 20th. They issued a “buy” rating and a $238.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries 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.