Armstrong World Industries (AWI)

• Market cap: $6.5B
• 1 day: 0.39%
• 5 days: 6.41%
• 1 month: -1.28%
• 3 months: 5.30%
• 6 months: 23.94%
• Year to date: 6.10%
• 1 year: 51.90%
• 5 years: 45.81%
• 10 years: 200.73%
• Sector: Materials
• Industry: Plastics Products

About: Armstrong World Industries Inc is engaged in the design, innovation and manufacture of ceiling and wall solutions in the Americas. The products include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. The company also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc. called Worthington Armstrong Venture (WAVE).

Employees: 3,500

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

3,502% more call options, than puts

Call options by funds: $53.5M | Put options by funds: $1.49M

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

61% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 33

27% more repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 102

12% more capital invested

Capital invested by funds: $5.07B [Q2] → $5.67B (+$602M) [Q3]

5% more funds holding

Funds holding: 325 [Q2] → 341 (+16) [Q3]

3.72% less ownership

Funds ownership: 102.36% [Q2] → 98.64% (-3.72%) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $140 6% downside
• Avg. target: $148 1% downside
• High target: $162 9% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

Loop Capital Garik Shmois 60% 1-year accuracy 12 / 20 met price target	2% downside $145	Hold Maintained	30 Oct 2024
Truist Securities Keith Hughes 60% 1-year accuracy 31 / 52 met price target	9% upside $162	Buy Maintained	30 Oct 2024
Evercore ISI Group Stephen Kim 12% 1-year accuracy 3 / 25 met price target	6% downside $140	In-Line Maintained	30 Oct 2024
UBS John Lovallo 52% 1-year accuracy 13 / 25 met price target	3% downside $144	Neutral Maintained	30 Oct 2024