Armstrong World Industries Inc (AWI) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its position in shares of Armstrong World Industries Inc (NYSE:AWI) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 41,157 shares of the construction company’s stock after purchasing an additional 4,696 shares during the quarter. UBS Asset Management Americas Inc. owned 0.08% of Armstrong World Industries worth $1,893,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Armstrong World Industries by 14.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock valued at $106,000 after purchasing an additional 286 shares during the period. Invictus RG acquired a new position in shares of Armstrong World Industries during the 1st quarter valued at $117,000. Oppenheimer Asset Management Inc. increased its position in shares of Armstrong World Industries by 239.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock valued at $128,000 after purchasing an additional 1,964 shares during the period. SG Americas Securities LLC acquired a new position in shares of Armstrong World Industries during the 2nd quarter valued at $149,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Armstrong World Industries by 65.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock valued at $162,000 after purchasing an additional 1,391 shares during the period.

Armstrong World Industries Inc (NYSE:AWI) opened at 53.35 on Tuesday. The company has a 50 day moving average price of $50.01 and a 200-day moving average price of $46.43. Armstrong World Industries Inc has a one year low of $36.38 and a one year high of $54.15. The firm has a market capitalization of $2.82 billion, a PE ratio of 17.33 and a beta of 1.63.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, July 31st. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The company had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $330.92 million. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. On average, equities analysts predict that Armstrong World Industries Inc will post $2.73 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Armstrong World Industries Inc (AWI) Shares Bought by UBS Asset Management Americas Inc.” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/17/armstrong-world-industries-inc-awi-shares-bought-by-ubs-asset-management-americas-inc.html.

Several equities analysts have recently issued reports on AWI shares. TheStreet upgraded Armstrong World Industries from a “c+” rating to a “b” rating in a research report on Monday, July 31st. ValuEngine upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Deutsche Bank AG lifted their price target on Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded Armstrong World Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Armstrong World Industries presently has an average rating of “Hold” and an average target price of $46.00.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Armstrong World Industries by 14.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock valued at $106,000 after purchasing an additional 286 shares during the period. Invictus RG acquired a new position in shares of Armstrong World Industries during the 1st quarter valued at $117,000. Oppenheimer Asset Management Inc. increased its position in shares of Armstrong World Industries by 239.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock valued at $128,000 after purchasing an additional 1,964 shares during the period. SG Americas Securities LLC acquired a new position in shares of Armstrong World Industries during the 2nd quarter valued at $149,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Armstrong World Industries by 65.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock valued at $162,000 after purchasing an additional 1,391 shares during the period.

Armstrong World Industries Inc (NYSE:AWI) opened at 53.35 on Tuesday. The company has a 50 day moving average price of $50.01 and a 200-day moving average price of $46.43. Armstrong World Industries Inc has a one year low of $36.38 and a one year high of $54.15. The firm has a market capitalization of $2.82 billion, a PE ratio of 17.33 and a beta of 1.63.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, July 31st. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The company had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $330.92 million. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. On average, equities analysts predict that Armstrong World Industries Inc will post $2.73 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Armstrong World Industries Inc (AWI) Shares Bought by UBS Asset Management Americas Inc.” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/17/armstrong-world-industries-inc-awi-shares-bought-by-ubs-asset-management-americas-inc.html.

Several equities analysts have recently issued reports on AWI shares. TheStreet upgraded Armstrong World Industries from a “c+” rating to a “b” rating in a research report on Monday, July 31st. ValuEngine upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Deutsche Bank AG lifted their price target on Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded Armstrong World Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Armstrong World Industries presently has an average rating of “Hold” and an average target price of $46.00.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.

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

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