Choreo LLC Raises Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Choreo LLC raised its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 109.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,327 shares of the construction company’s stock after acquiring an additional 2,265 shares during the period. Choreo LLC’s holdings in Armstrong World Industries were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of AWI. Sanctuary Advisors LLC purchased a new stake in shares of Armstrong World Industries during the 2nd quarter worth approximately $537,000. CWM LLC raised its holdings in Armstrong World Industries by 64.3% during the 3rd quarter. CWM LLC now owns 1,058 shares of the construction company’s stock valued at $139,000 after buying an additional 414 shares during the period. UMB Bank n.a. raised its holdings in Armstrong World Industries by 53.7% during the 3rd quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock valued at $58,000 after buying an additional 153 shares during the period. Creative Planning raised its holdings in Armstrong World Industries by 7.3% during the 3rd quarter. Creative Planning now owns 2,079 shares of the construction company’s stock valued at $273,000 after buying an additional 141 shares during the period. Finally, Hunter Perkins Capital Management LLC raised its holdings in Armstrong World Industries by 3.7% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 7,370 shares of the construction company’s stock valued at $969,000 after buying an additional 260 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Price Performance

AWI opened at $151.42 on Tuesday. Armstrong World Industries, Inc. has a 12-month low of $101.73 and a 12-month high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $148.52 and its 200-day simple moving average is $140.04. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.66 and a beta of 1.19.

Analyst Ratings Changes

AWI has been the topic of several recent research reports. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Loop Capital increased their price target 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 upped their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Truist Financial upped their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI upped their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.