Schwartz Investment Counsel Inc. Sells 12,000 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Schwartz Investment Counsel Inc. reduced its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,000 shares of the construction company’s stock after selling 12,000 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.18% of Armstrong World Industries worth $11,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Tealwood Asset Management Inc. raised its stake in shares of Armstrong World Industries by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock worth $1,313,000 after buying an additional 71 shares during the period. OneDigital Investment Advisors LLC increased its holdings in Armstrong World Industries by 4.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock worth $245,000 after acquiring an additional 76 shares in the last quarter. Blue Trust Inc. raised its stake in Armstrong World Industries by 5.9% during the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock worth $188,000 after acquiring an additional 79 shares during the period. US Bancorp DE raised its stake in Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after acquiring an additional 82 shares during the period. Finally, Verdence Capital Advisors LLC lifted its holdings in Armstrong World Industries by 3.6% during the third quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock valued at $399,000 after purchasing an additional 104 shares in the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. UBS Group increased their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Evercore ISI upped their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Loop Capital lifted their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Truist Financial boosted their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Trading Up 0.5 %

Shares of NYSE AWI opened at $152.31 on Wednesday. Armstrong World Industries, Inc. has a 1-year low of $101.73 and a 1-year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The business’s 50 day moving average is $148.38 and its two-hundred day moving average is $140.19. The stock has a market capitalization of $6.64 billion, a P/E ratio of 26.86, a PEG ratio of 1.66 and a beta of 1.19.

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.