What Next for Armstrong World Industries Inc (NYSE:AWI) Stock After Increase in Shorted Shares?

April 17, 2018 - By Vivian Currie

Investors sentiment increased to 1.31 in 2017 Q4. 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.
Voya, a Georgia-based fund reported 16,143 shares. Tokio Marine Asset Management Commerce Ltd reported 31,600 shares. 13D Mgmt Limited Com reported 232,435 shares. Verition Fund Mgmt Llc has 0.02% invested in Armstrong World Industries, Inc. (NYSE:AWI). Menta Lc holds 0.31% or 26,125 shares in its portfolio. Brown Brothers Harriman And holds 30 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Armstrong World Industries, Inc. (NYSE:AWI). Blair William And Il owns 7,120 shares. Royal Bancshares Of Canada invested 0% of its portfolio in Armstrong World Industries, Inc. (NYSE:AWI). Nomura Inc holds 0% or 10,000 shares in its portfolio. River Road Asset Management Ltd Liability Corporation has 689,255 shares. Bancorporation Of Montreal Can accumulated 6,319 shares or 0% of the stock. Raymond James owns 55,318 shares. Smithfield Com owns 1,583 shares for 0.01% of their portfolio. Dean Investment Associate Ltd Liability Company reported 50,760 shares stake.

Since March 12, 2018, it had 0 insider purchases, 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 stock of Armstrong World Industries, Inc. (NYSE:AWI) has “Sell” rating given on Wednesday, March 7 by J.P. Morgan. The firm has “Neutral” rating given on Wednesday, April 4 by Goldman Sachs. The stock of Armstrong World Industries, Inc. (NYSE:AWI) has “Buy” rating given on Monday, February 26 by SunTrust. The rating was maintained by KeyBanc Capital Markets with “Hold” on Tuesday, October 24. The stock has “Hold” rating by Jefferies on Wednesday, January 17. JP Morgan downgraded Armstrong World Industries, Inc. (NYSE:AWI) on Wednesday, March 7 to “Underweight” rating. The stock has “Hold” rating by RBC Capital Markets on Tuesday, November 14. Citigroup maintained it with “Neutral” rating and $58 target in Friday, October 20 report. Jefferies maintained the shares of AWI in report on Tuesday, February 27 with “Hold” rating. The stock of Armstrong World Industries, Inc. (NYSE:AWI) earned “Hold” rating by RBC Capital Markets on Wednesday, November 22.

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

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