Van ECK Associates Corp Has $5.62 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Van ECK Associates Corp lifted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 34.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,735 shares of the construction company’s stock after buying an additional 10,192 shares during the quarter. Van ECK Associates Corp’s holdings in Armstrong World Industries were worth $5,616,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Armstrong World Industries by 64.3% during the 3rd quarter. CWM LLC now owns 1,058 shares of the construction company’s stock worth $139,000 after purchasing an additional 414 shares during the last quarter. 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 worth $273,000 after purchasing an additional 141 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Armstrong World Industries by 7.3% in the third quarter. Bleakley Financial Group LLC now owns 5,875 shares of the construction company’s stock valued at $772,000 after buying an additional 400 shares during the period. V Square Quantitative Management LLC bought a new stake in Armstrong World Industries in the third quarter valued at about $31,000. Finally, Blue Trust Inc. increased its position in shares of Armstrong World Industries by 5.9% during the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock worth $188,000 after acquiring an additional 79 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group lifted 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. Loop Capital increased their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Evercore ISI lifted their price target on shares of 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. Finally, Truist Financial upped their price target 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $154.12 on Wednesday. The stock’s 50 day moving average is $147.96 and its 200-day moving average is $141.01. Armstrong World Industries, Inc. has a twelve month low of $110.31 and a twelve month high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.66 and a beta of 1.19.

Armstrong World Industries 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.