Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,723 shares of the construction company’s stock after selling 10,227 shares during the period. Armstrong World Industries accounts for approximately 1.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 16th biggest holding. Rice Hall James & Associates LLC owned about 0.45% of Armstrong World Industries worth $27,803,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AWI. Transcendent Capital Group LLC acquired a new position in shares of Armstrong World Industries during the third quarter worth $26,000. V Square Quantitative Management LLC acquired a new position in shares of Armstrong World Industries during the third quarter worth $31,000. ORG Wealth Partners LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter worth $32,000. Quent Capital LLC increased its position in shares of Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after purchasing an additional 170 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter worth $33,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AWI shares. Loop Capital upped their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. UBS Group upped their target price 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. Evercore ISI upped their target price 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. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Truist Financial upped their target price 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Armstrong World Industries presently has an average rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Price Performance

Shares of AWI opened at $154.05 on Tuesday. The business’s 50-day moving average is $147.97 and its two-hundred day moving average is $140.81. The company has a market capitalization of $6.72 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a fifty-two week low of $104.53 and a fifty-two week high of $164.40.

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.