Armstrong World Industries, Inc. (NYSE:AWI) Short Interest Up 12.4% in January

Armstrong World Industries, Inc. (NYSE:AWI) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 540,500 shares, a growth of 12.4% from the December 31st total of 480,800 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 204,500 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Trading of Armstrong World Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new stake in Armstrong World Industries in the third quarter worth about $26,000. V Square Quantitative Management LLC acquired a new position in Armstrong World Industries in the third quarter worth approximately $31,000. ORG Wealth Partners LLC acquired a new position in Armstrong World Industries in the fourth quarter worth approximately $32,000. Quent Capital LLC boosted its position in 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 during the period. Finally, Fortitude Family Office LLC bought a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $33,000. Institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AWI shares. Evercore ISI increased their target price 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. UBS Group raised their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Loop Capital raised their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.83.

Armstrong World Industries Trading Down 1.0 %

AWI stock traded down $1.47 during midday trading on Monday, reaching $149.54. 240,101 shares of the company’s stock traded hands, compared to its average volume of 196,902. 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 has a 50-day moving average price of $149.41 and a two-hundred day moving average price of $139.16. The company has a market capitalization of $6.52 billion, a P/E ratio of 26.37, a PEG ratio of 1.64 and a beta of 1.19. Armstrong World Industries has a fifty-two week low of $99.63 and a fifty-two week high of $164.40.

Armstrong World Industries Company 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.