Diversified Trust Co trimmed its stake in shares of Armstrong World Industries Inc (NYSE:AWI) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,890 shares of the construction company’s stock after selling 2,494 shares during the quarter. Diversified Trust Co owned about 0.06% of Armstrong World Industries worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Ropes Wealth Advisors LLC bought a new stake in shares of Armstrong World Industries in the 2nd quarter worth approximately $49,000. SRS Capital Advisors Inc. bought a new stake in shares of Armstrong World Industries in the 2nd quarter worth approximately $65,000. Machina Capital S.A.S. bought a new stake in shares of Armstrong World Industries in the 2nd quarter worth approximately $68,000. Rockefeller Capital Management L.P. bought a new stake in shares of Armstrong World Industries in the 1st quarter worth approximately $167,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Armstrong World Industries in the second quarter worth approximately $180,000. Institutional investors own 99.52% of the company’s stock.

AWI stock traded up $0.51 during trading hours on Wednesday, hitting $95.81. The company’s stock had a trading volume of 2,232 shares, compared to its average volume of 432,698. The company has a quick ratio of 1.07, a current ratio of 1.20 and a debt-to-equity ratio of 3.02. The company has a market capitalization of $4.68 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 1.34 and a beta of 1.57. Armstrong World Industries Inc has a 12 month low of $54.34 and a 12 month high of $104.50. The stock has a 50 day moving average price of $95.39 and a two-hundred day moving average price of $92.23.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, July 29th. The construction company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.10. Armstrong World Industries had a net margin of 20.17% and a return on equity of 77.10%. The company had revenue of $272.00 million during the quarter, compared to the consensus estimate of $278.75 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts expect that Armstrong World Industries Inc will post 4.58 earnings per share for the current year.

AWI has been the topic of several analyst reports. Bank of America lifted their target price on shares of Armstrong World Industries from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank reissued a “buy” rating and issued a $107.00 target price on shares of Armstrong World Industries in a research report on Monday, June 24th. ValuEngine downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, SunTrust Banks lifted their target price on shares of Armstrong World Industries to $109.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Armstrong World Industries presently has a consensus rating of “Hold” and a consensus target price of $94.13.

Armstrong World Industries Profile

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

Featured Story: What are catch-up contributions?

Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries Inc (NYSE:AWI).

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

Receive News & Ratings for Armstrong World Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries and related companies with MarketBeat.com's FREE daily email newsletter.