Can Armstrong World Industries Inc (NYSE:AWI)’s Tomorrow be Different? The Stock Had Increase in Shorts

April 17, 2018 - By Clifton Ray

Investors sentiment increased to 1.31 in Q4 2017. Its up 0.19, from 1.12 in 2017Q3. It increased, as 11 investors sold Armstrong World Industries, Inc. shares while 63 reduced holdings. 43 funds opened positions while 54 raised stakes. 53.24 million shares or 6.33% less from 56.84 million shares in 2017Q3 were reported.
Quantbot Techs Lp owns 889 shares. Weiss Multi holds 32,235 shares or 0.05% of its portfolio. Renaissance Tech Limited Liability has 0.04% invested in Armstrong World Industries, Inc. (NYSE:AWI). Employees Retirement Association Of Colorado invested in 0% or 8,836 shares. Tokio Marine Asset Mgmt reported 31,600 shares. Virginia-based Quantitative Invest Lc has invested 0.08% in Armstrong World Industries, Inc. (NYSE:AWI). Royal Bancorp Of Canada has 5,810 shares. Covington Capital Management stated it has 207 shares or 0% of all its holdings. Bokf Na reported 3,755 shares. Financial Bank Of America Corp De accumulated 438,475 shares. Frontier Cap Mngmt Ltd has invested 0.11% of its portfolio in Armstrong World Industries, Inc. (NYSE:AWI). Principal Fincl Gp has invested 0% in Armstrong World Industries, Inc. (NYSE:AWI). California Employees Retirement reported 142,663 shares. Css Ltd Liability Corp Il stated it has 0.03% in Armstrong World Industries, Inc. (NYSE:AWI). Emerald Advisers Inc Pa, a Pennsylvania-based fund reported 4,295 shares.

Since March 12, 2018, it had 0 insider buys, and 1 insider sale for $140.06 million activity.

The stock of Armstrong World Industries Inc (NYSE:AWI) registered an increase of 5.78% in short interest. AWI’s total short interest was 1.60 million shares in April as published by FINRA. Its up 5.78% from 1.51M shares, reported previously. With 368,300 shares average volume, it will take short sellers 4 days to cover their AWI’s short positions. The short interest to Armstrong World Industries Inc’s float is 3.68%.

The stock increased 0.79% or $0.45 during the last trading session, reaching $57.55. About 52,419 shares traded. Armstrong World Industries, Inc. (NYSE:AWI) has risen 24.50% since April 17, 2017 and is uptrending. It has outperformed by 12.95% the S&P500.

Armstrong World Industries, Inc. designs, makes, and sells ceiling systems for use primarily in the construction and renovation of residential, commercial, and institutional buildings worldwide. The company has market cap of $3.06 billion. The firm produces suspended fiber and metal ceiling systems, and complementary ceiling products, as well as acoustical ceiling, wall, and structural solutions; and sells suspension system products. It has a 20.13 P/E ratio. It sells its commercial ceiling materials and accessories to resale distributors and ceiling system contractors; and residential ceiling products to wholesalers and retailers, including large home centers.

Armstrong World Industries, Inc. (NYSE:AWI) Ratings Coverage

Among 9 analysts covering Armstrong World Indus (NYSE:AWI), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Armstrong World Indus has $67.0 highest and $53.0 lowest target. $62’s average target is 7.73% above currents $57.55 stock price. Armstrong World Indus had 13 analyst reports since October 20, 2017 according to SRatingsIntel. The firm earned “Underweight” rating on Wednesday, March 7 by JP Morgan. The firm has “Neutral” rating by Citigroup given on Friday, October 20. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, November 22. The firm has “Hold” rating given on Wednesday, January 17 by Jefferies. Goldman Sachs upgraded the stock to “Neutral” rating in Wednesday, April 4 report. The firm earned “Hold” rating on Tuesday, November 14 by RBC Capital Markets. On Wednesday, March 7 the stock rating was downgraded by J.P. Morgan to “Sell”. SunTrust maintained Armstrong World Industries, Inc. (NYSE:AWI) on Friday, October 27 with “Buy” rating. The stock has “Buy” rating by SunTrust on Monday, February 26. Jefferies initiated the stock with “Hold” rating in Tuesday, December 12 report.

Armstrong World Industries, Inc. (NYSE:AWI) Ratings Chart

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