Short Interest in Armstrong World Industries, Inc. (NYSE:AWI) Grows By 12.4%

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 540,500 shares, a growth of 12.4% from the December 31st total of 480,800 shares. Based on an average trading volume of 204,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.3% of the shares of the company are sold short.

Armstrong World Industries Price Performance

AWI stock traded down $2.12 during midday trading on Friday, reaching $151.03. The company had a trading volume of 168,563 shares, compared to its average volume of 196,527. The firm has a 50-day moving average price of $148.85 and a 200-day moving average price of $139.55. 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 $6.58 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.64 and a beta of 1.19. Armstrong World Industries has a 1 year low of $101.73 and a 1 year high of $164.40.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AWI. UBS Group raised their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Truist Financial lifted 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. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Loop Capital upped their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Finally, Evercore ISI raised their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a report 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $140.83.

Institutional Investors Weigh In On Armstrong World Industries

A number of large investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in Armstrong World Industries in the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in shares of Armstrong World Industries in the 4th quarter worth approximately $32,000. Quent Capital LLC boosted its stake in shares of Armstrong World Industries by 288.1% in the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after purchasing an additional 170 shares in the last quarter. Fortitude Family Office LLC purchased a new position in Armstrong World Industries in the 4th quarter worth $33,000. Finally, V Square Quantitative Management LLC bought a new stake in Armstrong World Industries in the third quarter worth $31,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

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.