Old Mutual Global Investors UK Ltd. Purchases New Holdings in Armstrong World Industries Inc (AWI)

Old Mutual Global Investors UK Ltd. purchased a new stake in Armstrong World Industries Inc (NYSE:AWI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 40,314 shares of the construction company’s stock, valued at approximately $2,441,000. Old Mutual Global Investors UK Ltd. owned approximately 0.08% of Armstrong World Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWI. JPMorgan Chase & Co. increased its holdings in Armstrong World Industries by 14.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock valued at $106,000 after purchasing an additional 286 shares in the last quarter. Wells Fargo & Company MN boosted its position in Armstrong World Industries by 144.8% in the 2nd quarter. Wells Fargo & Company MN now owns 32,048 shares of the construction company’s stock valued at $1,475,000 after buying an additional 18,957 shares during the last quarter. Nationwide Fund Advisors boosted its position in Armstrong World Industries by 62.8% in the 2nd quarter. Nationwide Fund Advisors now owns 19,904 shares of the construction company’s stock valued at $916,000 after buying an additional 7,680 shares during the last quarter. Vanguard Group Inc. boosted its position in Armstrong World Industries by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,491,622 shares of the construction company’s stock valued at $160,614,000 after buying an additional 51,135 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in Armstrong World Industries by 19.9% in the 2nd quarter. Voya Investment Management LLC now owns 16,977 shares of the construction company’s stock valued at $781,000 after buying an additional 2,814 shares during the last quarter.

Armstrong World Industries Inc (NYSE AWI) opened at $61.90 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.41 and a current ratio of 1.98. Armstrong World Industries Inc has a 12-month low of $39.80 and a 12-month high of $64.60. The company has a market cap of $3,223.57, a PE ratio of 23.53, a PEG ratio of 1.68 and a beta of 1.73.

Armstrong World Industries declared that its Board of Directors has approved a stock repurchase program on Monday, October 30th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In other news, SVP Ellen R. Romano sold 33,087 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $54.68, for a total transaction of $1,809,197.16. Following the transaction, the senior vice president now owns 14,769 shares of the company’s stock, valued at $807,568.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

AWI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Monday, November 27th. Royal Bank of Canada reissued a “hold” rating and issued a $55.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and issued a $66.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, January 17th. SunTrust Banks reissued a “buy” rating and issued a $55.00 price objective on shares of Armstrong World Industries in a research report on Wednesday, November 1st. Finally, Nomura set a $65.00 price objective on shares of Armstrong World Industries and gave the company a “buy” rating in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.50.

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Armstrong World Industries Company Profile

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.

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

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