Armstrong World Industries Incorporated (NYSE:AWI)’s Stock Is Sell After More Market Selling

June 20, 2017 - By Marguerite Chambers

 Armstrong World Industries Incorporated (NYSE:AWI)'s Stock Is Sell After More Market Selling

Investors sentiment increased to 1.29 in 2016 Q4. Its up 0.24, from 1.05 in 2016Q3. It is positive, as 26 investors sold Armstrong World Industries Inc shares while 44 reduced holdings. 33 funds opened positions while 57 raised stakes. 56.93 million shares or 0.28% less from 57.09 million shares in 2016Q3 were reported.
Alliancebernstein Limited Partnership holds 0% of its portfolio in Armstrong World Industries Inc (NYSE:AWI) for 25,455 shares. Art invested 0.06% of its portfolio in Armstrong World Industries Inc (NYSE:AWI). Franklin Resource Inc has invested 0% in Armstrong World Industries Inc (NYSE:AWI). Envestnet Asset Mngmt has 0% invested in Armstrong World Industries Inc (NYSE:AWI). The Massachusetts-based Massachusetts Financial Services Ma has invested 0.03% in Armstrong World Industries Inc (NYSE:AWI). Sandhill Limited Liability has invested 2.99% in Armstrong World Industries Inc (NYSE:AWI). Blackrock Inc holds 18,344 shares or 0% of its portfolio. Citadel Advsr Ltd Company has 0% invested in Armstrong World Industries Inc (NYSE:AWI). Germany-based Allianz Asset Management Ag has invested 0% in Armstrong World Industries Inc (NYSE:AWI). Jpmorgan Chase Co stated it has 0% of its portfolio in Armstrong World Industries Inc (NYSE:AWI). Schwab Charles Investment Mngmt owns 0.01% invested in Armstrong World Industries Inc (NYSE:AWI) for 165,638 shares. Pnc Gru holds 0% or 169 shares in its portfolio. State Of Wisconsin Invest Board accumulated 0% or 25,226 shares. Nationwide Fund Advisors holds 0.01% or 69,277 shares in its portfolio. 898,488 are held by D E Shaw & Co Inc.

The stock of Armstrong World Industries Incorporated (NYSE:AWI) registered an increase of 9.64% in short interest. AWI’s total short interest was 4.02 million shares in June as published by FINRA. Its up 9.64% from 3.66 million shares, reported previously. With 414,100 shares average volume, it will take short sellers 10 days to cover their AWI’s short positions. The short interest to Armstrong World Industries Incorporated’s float is 9.88%.

About 52,738 shares traded. Armstrong World Industries Inc (NYSE:AWI) has risen 6.90% since June 20, 2016 and is uptrending. It has underperformed by 9.80% the S&P500.

Armstrong World Industries, Inc. is a global producer of ceiling systems. The company has market cap of $2.38 billion. The Firm owns and operates the Building Products (Ceilings) segment. It has a 18.66 P/E ratio. The Firm designs, makes and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world.

Armstrong World Industries Inc (NYSE:AWI) Ratings Coverage

Among 14 analysts covering Armstrong World Industries (NYSE:AWI), 4 have Buy rating, 2 Sell and 8 Hold. Therefore 29% are positive. Armstrong World Industries has $66 highest and $43 lowest target. $51.44’s average target is 16.25% above currents $44.25 stock price. Armstrong World Industries had 19 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was upgraded by KeyBanc Capital Markets on Friday, August 5 to “Overweight”. On Tuesday, October 13 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock has “Neutral” rating by Goldman Sachs on Tuesday, October 6. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 1. The stock has “Underweight” rating by Barclays Capital on Wednesday, January 20. The firm earned “Outperform” rating on Friday, October 23 by Macquarie Research. The stock of Armstrong World Industries Inc (NYSE:AWI) has “Neutral” rating given on Monday, May 16 by Piper Jaffray. The stock has “Hold” rating by Zelman on Tuesday, November 1. The rating was maintained by JP Morgan on Monday, May 16 with “Neutral”. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Thursday, January 5.

More recent Armstrong World Industries Inc (NYSE:AWI) news were published by: Prnewswire.com which released: “General Building Materials Stocks on Investors’ Radar — AMN Healthcare …” on May 23, 2017. Also Seekingalpha.com published the news titled: “Armstrong World Industries (AWI) Q1 2017 Results – Earnings Call Transcript” on May 01, 2017. Zacks.com‘s news article titled: “Armstrong World (AWI) Down 9.9% Since Earnings Report: Can It Rebound?” with publication date: June 01, 2017 was also an interesting one.

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