The stock of Armstrong World Industries Incorporated (NYSE:AWI) registered an increase of 13.62% in short interest. AWI’s total short interest was 3.82M shares in September as published by FINRA. Its up 13.62% from 3.36 million shares, reported previously. With 401,400 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 10.29%. About 285,364 shares traded hands. Armstrong World Industries Inc (NYSE:AWI) has risen 12.37% since February 8, 2016 and is uptrending. It has underperformed by 4.12% the S&P500.
Armstrong World Industries, Inc. is a producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The company has a market cap of $2.29 billion. The Firm operates in four divisions: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which designs, makes, sources and sells a range of floor coverings primarily for homes and commercial and institutional buildings; Wood Flooring segment, which designs, makes, sources and sells hardwood flooring products for use in new residential construction and renovation, with some commercial applications in stores, restaurants and high-end offices, and Unallocated Corporate. It has a 95.24 P/E ratio.
The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.33, from 1.34 in 2016Q1. The ratio fall, as 35 funds sold all Armstrong World Industries Inc shares owned while 44 reduced positions. 21 funds bought stakes while 59 increased positions. They now own 53.97 million shares or 2.46% more from 52.68 million shares in 2016Q1.
Stockbridge Partners Llc holds 7.65% of its portfolio in Armstrong World Industries Inc for 3.74 million shares. Kortright Capital Partners Lp owns 45,000 shares or 5.97% of their US portfolio. Moreover, Moab Capital Partners Llc has 4.78% invested in the company for 384,514 shares. The New York-based Marble Arch Investments Lp has invested 4.77% in the stock. Valueact Holdings L.P., a California-based fund reported 9.20 million shares.
Out of 8 analysts covering Armstrong World Industries Inc. (NYSE:AWI), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. $66 is the highest target while $45 is the lowest. The $50.17 average target is 23.27% above today’s ($40.7) stock price. Armstrong World Industries Inc. has been the topic of 10 analyst reports since October 6, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets upgraded the stock on August 5 to “Overweight” rating. Barclays Capital downgraded it to “Underweight” rating and $45 target price in a January 20 report. Citigroup maintained the shares of AWI in a report on May 16 with “Neutral” rating. Macquarie Research maintained the firm’s rating on October 23. Macquarie Research has “Outperform” rating and $66 price target. Lastly, BB&T Capital upgraded the stock to “Buy” rating in a January 27 report.
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