Levin Capital Strategies L.P. Sells 18,995 Shares of Armstrong World Industries Inc (AWI)

Levin Capital Strategies L.P. decreased its stake in Armstrong World Industries Inc (NYSE:AWI) by 50.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,298 shares of the construction company’s stock after selling 18,995 shares during the period. Levin Capital Strategies L.P.’s holdings in Armstrong World Industries were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Iridian Asset Management LLC CT increased its stake in shares of Armstrong World Industries by 0.9% in the first quarter. Iridian Asset Management LLC CT now owns 4,675,664 shares of the construction company’s stock valued at $263,240,000 after buying an additional 43,666 shares during the period. BlackRock Inc. increased its stake in shares of Armstrong World Industries by 5.7% in the fourth quarter. BlackRock Inc. now owns 2,021,768 shares of the construction company’s stock valued at $122,419,000 after buying an additional 109,439 shares during the period. Gates Capital Management Inc. acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $81,031,000. Dimensional Fund Advisors LP increased its stake in shares of Armstrong World Industries by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,264,271 shares of the construction company’s stock valued at $71,178,000 after buying an additional 9,990 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Armstrong World Industries by 12.9% in the first quarter. First Eagle Investment Management LLC now owns 1,245,178 shares of the construction company’s stock valued at $70,104,000 after buying an additional 142,645 shares during the period.

Several equities research analysts have recently weighed in on AWI shares. SunTrust Banks reissued a “buy” rating and issued a $67.00 price target on shares of Armstrong World Industries in a research note on Monday, February 26th. Stephens reissued a “hold” rating and issued a $64.00 price target on shares of Armstrong World Industries in a research note on Thursday, March 1st. JPMorgan Chase & Co. lowered Armstrong World Industries from a “neutral” rating to an “underweight” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Finally, Goldman Sachs Group upgraded Armstrong World Industries from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.75.



Shares of Armstrong World Industries opened at $64.50 on Thursday, Marketbeat Ratings reports. Armstrong World Industries Inc has a one year low of $43.40 and a one year high of $65.00. The company has a debt-to-equity ratio of 2.01, a quick ratio of 2.20 and a current ratio of 2.44. The stock has a market cap of $3.32 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 1.00 and a beta of 1.71.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, April 30th. The construction company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.02). Armstrong World Industries had a net margin of 13.54% and a return on equity of 41.44%. The business had revenue of $227.30 million for the quarter, compared to the consensus estimate of $231.35 million. During the same quarter in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts expect that Armstrong World Industries Inc will post 3.71 earnings per share for the current fiscal year.

In other Armstrong World Industries news, SVP David S. Cookson sold 27,336 shares of the stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $63.00, for a total value of $1,722,168.00. Following the transaction, the senior vice president now owns 33,281 shares in the company, valued at $2,096,703. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.

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

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