2,019 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,019 shares of the construction company's stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AWI. Marshall Wace LLP lifted its position in Armstrong World Industries by 64.0% during the second quarter. Marshall Wace LLP now owns 5,910 shares of the construction company's stock worth $669,000 after buying an additional 2,306 shares in the last quarter. Millennium Management LLC lifted its position in Armstrong World Industries by 252.5% during the second quarter. Millennium Management LLC now owns 55,078 shares of the construction company's stock worth $6,237,000 after buying an additional 39,452 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Armstrong World Industries by 7.1% during the second quarter. The Manufacturers Life Insurance Company now owns 9,161 shares of the construction company's stock worth $1,037,000 after buying an additional 610 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Armstrong World Industries during the second quarter worth $537,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Armstrong World Industries during the second quarter worth $362,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Wall Street Analyst Weigh In

AWI has been the subject of several recent analyst reports. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Truist Financial raised their target price on Armstrong World Industries from $148.00 to $162.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. UBS Group raised their target price on Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Evercore ISI raised their target price 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. Finally, Loop Capital raised their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Armstrong World Industries currently has an average rating of "Hold" and a consensus target price of $140.83.

Armstrong World Industries Trading Down 1.4 %

Shares of NYSE AWI traded down $2.12 during trading on Friday, reaching $151.03. The stock had a trading volume of 168,563 shares, compared to its average volume of 191,563. Armstrong World Industries, Inc. has a fifty-two week low of $101.73 and a fifty-two week high of $164.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The business's 50-day moving average price is $148.67 and its 200-day moving average price is $139.78. The company has a market cap of $6.58 billion, a P/E ratio of 26.64, a PEG ratio of 1.66 and a beta of 1.19.

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.