Dimensional Fund Advisors LP Has $56.32 Million Position in Armstrong World Industries Inc (NYSE:AWI)

Dimensional Fund Advisors LP increased its position in shares of Armstrong World Industries Inc (NYSE:AWI) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,224,261 shares of the construction company’s stock after acquiring an additional 26,548 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.31% of Armstrong World Industries worth $56,315,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AWI. BlackRock Inc. boosted its holdings in shares of Armstrong World Industries by 10,381.5% in the 1st quarter. BlackRock Inc. now owns 1,922,722 shares of the construction company’s stock valued at $88,541,000 after purchasing an additional 1,904,378 shares during the last quarter. River Road Asset Management LLC acquired a new position in shares of Armstrong World Industries in the 2nd quarter valued at $39,704,000. Iridian Asset Management LLC CT boosted its holdings in shares of Armstrong World Industries by 7.6% in the 2nd quarter. Iridian Asset Management LLC CT now owns 4,750,675 shares of the construction company’s stock valued at $218,531,000 after purchasing an additional 336,960 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Armstrong World Industries in the 1st quarter valued at $13,852,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Armstrong World Industries by 62.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 588,468 shares of the construction company’s stock valued at $27,099,000 after purchasing an additional 225,402 shares during the last quarter.

A number of equities analysts have weighed in on AWI shares. KeyCorp reiterated a “hold” rating on shares of Armstrong World Industries in a report on Friday, September 22nd. BidaskClub downgraded shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Deutsche Bank AG raised their target price on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. TheStreet raised shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, ValuEngine raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $48.00.

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Shares of Armstrong World Industries Inc (NYSE:AWI) opened at 53.55 on Friday. The company has a market cap of $2.83 billion, a P/E ratio of 17.39 and a beta of 1.63. Armstrong World Industries Inc has a 52-week low of $36.38 and a 52-week high of $54.45. The stock has a 50 day moving average of $51.22 and a 200 day moving average of $46.90.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The company had revenue of $330.80 million during the quarter, compared to the consensus estimate of $330.92 million. During the same quarter last year, the firm earned $0.56 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that Armstrong World Industries Inc will post $2.73 earnings per share for the current fiscal year.

About Armstrong World Industries

Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.

Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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