Quent Capital LLC Raises Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Quent Capital LLC increased its position in Armstrong World Industries, Inc. (NYSE:AWI) by 288.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 229 shares of the construction company’s stock after buying an additional 170 shares during the period. Quent Capital LLC’s holdings in Armstrong World Industries were worth $32,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AWI. CWM LLC raised its position in shares of Armstrong World Industries by 64.3% in the 3rd quarter. CWM LLC now owns 1,058 shares of the construction company’s stock worth $139,000 after buying an additional 414 shares during the period. Creative Planning raised its position in Armstrong World Industries by 7.3% in the third quarter. Creative Planning now owns 2,079 shares of the construction company’s stock valued at $273,000 after purchasing an additional 141 shares during the period. nVerses Capital LLC purchased a new position in Armstrong World Industries in the third quarter valued at about $171,000. Bleakley Financial Group LLC raised its position in Armstrong World Industries by 7.3% in the third quarter. Bleakley Financial Group LLC now owns 5,875 shares of the construction company’s stock valued at $772,000 after purchasing an additional 400 shares during the period. Finally, V Square Quantitative Management LLC purchased a new position in Armstrong World Industries in the third quarter valued at about $31,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on AWI. Loop Capital raised their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. UBS Group raised their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial raised their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI raised their target price 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.83.

Armstrong World Industries Stock Up 1.3 %

Shares of Armstrong World Industries stock opened at $153.17 on Friday. The business has a 50-day moving average of $148.09 and a 200-day moving average of $140.35. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The company has a market capitalization of $6.68 billion, a PE ratio of 27.01, a P/E/G ratio of 1.66 and a beta of 1.19. Armstrong World Industries, Inc. has a 1-year low of $104.26 and a 1-year high of $164.40.

Armstrong World Industries Profile

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.