Stifel Financial Corp lowered its position in Armstrong World Industries Inc (NYSE:AWI) by 19.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,585 shares of the construction company’s stock after selling 10,833 shares during the quarter. Stifel Financial Corp owned approximately 0.09% of Armstrong World Industries worth $2,094,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Armstrong World Industries by 14.1% in the second quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock worth $106,000 after purchasing an additional 286 shares in the last quarter. Invictus RG bought a new position in Armstrong World Industries in the first quarter worth approximately $117,000. Oppenheimer Asset Management Inc. grew its stake in Armstrong World Industries by 239.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock worth $128,000 after purchasing an additional 1,964 shares in the last quarter. SG Americas Securities LLC bought a new position in Armstrong World Industries in the second quarter worth approximately $149,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Armstrong World Industries by 65.3% during the second quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock worth $162,000 after buying an additional 1,391 shares during the period.

Shares of Armstrong World Industries Inc (NYSE AWI) opened at 53.30 on Monday. Armstrong World Industries Inc has a 12-month low of $36.38 and a 12-month high of $54.15. The firm’s 50-day moving average price is $50.01 and its 200-day moving average price is $46.43. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 17.31 and a beta of 1.63.

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

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A number of research firms have weighed in on AWI. KeyCorp restated a “hold” rating on shares of Armstrong World Industries in a report on Friday, September 22nd. Deutsche Bank AG upped their target price on Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. ValuEngine lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. TheStreet upgraded Armstrong World Industries from a “c+” rating to a “b” rating in a report on Monday, July 31st. Finally, BidaskClub upgraded Armstrong World Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.00.

About Armstrong World Industries

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.

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

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