Cwm LLC Raises Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Cwm LLC raised its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 327.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,478 shares of the construction company's stock after acquiring an additional 4,196 shares during the period. Cwm LLC's holdings in Armstrong World Industries were worth $772,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC lifted its position in shares of Armstrong World Industries by 5.7% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,570 shares of the construction company's stock worth $221,000 after purchasing an additional 84 shares in the last quarter. Tidal Investments LLC grew its position in Armstrong World Industries by 1.8% in the 4th quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock valued at $740,000 after buying an additional 93 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in Armstrong World Industries by 3.4% in the first quarter. Bridges Investment Management Inc. now owns 3,027 shares of the construction company's stock valued at $426,000 after acquiring an additional 100 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Armstrong World Industries by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,106 shares of the construction company's stock worth $2,700,000 after buying an additional 120 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Armstrong World Industries by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock worth $39,000 after buying an additional 140 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $165.64 on Wednesday. The stock's fifty day simple moving average is $158.95 and its 200 day simple moving average is $149.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.60 and a quick ratio of 1.10. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.06 and a beta of 1.37. Armstrong World Industries, Inc. has a one year low of $117.92 and a one year high of $170.86.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. The business had revenue of $382.70 million during the quarter, compared to the consensus estimate of $370.71 million. Armstrong World Industries had a return on equity of 39.37% and a net margin of 18.25%. The firm's revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 earnings per share. On average, analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AWI has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Loop Capital dropped their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 price target on the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $162.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.