Choreo LLC Buys 2,265 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Choreo LLC grew its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 109.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,327 shares of the construction company's stock after purchasing an additional 2,265 shares during the period. Choreo LLC's holdings in Armstrong World Industries were worth $614,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Armstrong World Industries by 3.7% during the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company's stock valued at $191,119,000 after acquiring an additional 51,839 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock valued at $111,954,000 after acquiring an additional 34,028 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Armstrong World Industries by 16.0% during the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company's stock valued at $64,678,000 after acquiring an additional 67,798 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Armstrong World Industries by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company's stock valued at $62,074,000 after acquiring an additional 18,333 shares during the last quarter. Finally, Harvey Partners LLC increased its holdings in shares of Armstrong World Industries by 0.4% during the 3rd quarter. Harvey Partners LLC now owns 230,500 shares of the construction company's stock valued at $30,295,000 after acquiring an additional 1,000 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

Shares of AWI stock traded up $1.02 during mid-day trading on Friday, reaching $154.05. The stock had a trading volume of 212,552 shares, compared to its average volume of 198,078. The firm's 50 day simple moving average is $148.02 and its 200 day simple moving average is $140.52. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a one year low of $104.53 and a one year high of $164.40. The firm has a market cap of $6.71 billion, a PE ratio of 27.17, a P/E/G ratio of 1.66 and a beta of 1.19.

Analyst Ratings Changes

AWI has been the topic of a number of analyst reports. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Loop Capital raised 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 raised 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. Truist Financial raised 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. 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 report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Armstrong World Industries currently has a consensus rating of "Hold" and a consensus price target of $140.83.

Armstrong World Industries Company 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.