Bank of Montreal Reduces $8M in Armstrong World Industries, Inc. ($AWI)
Key Points
- Bank of Montreal changed its Armstrong World Industries, Inc. ($AWI) stake by 4.2% last quarter, cutting to 1,225,302 shares worth $190.03 million.
- Wall Street's consensus rating on $AWI is Buy and an average price target of $204.10.
- $AWI last traded around $155.09.
Bank of Montreal trimmed its position in Armstrong World Industries, Inc. ($AWI) by 4.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,225,302 shares of Armstrong World Industries, Inc. after selling 53,784 shares during the quarter. Bank of Montreal's holdings in Armstrong World Industries, Inc. were worth $190.03 million as of its most recent filing.
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About Armstrong World Industries, Inc.
Armstrong World Industries, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass, metal, wood, felt, architectural resin and glass, wood fiber, and glass-reinforced-gypsum; and ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems. It also designs, produces, and sources specialty ceilings, walls, and other interior and exterior architectural applications primarily for use in commercial settings; and manufactures ceiling suspension system (grid) products. It serves commercial and residential construction markets, as well as renovation of existing buildings sectors. The company sells its products to resale distributors, ceiling system contractors, wholesalers, and retailers comprising large home centers. Armstrong World Industries, Inc. was founded in 1860 and is headquartered in Lancaster, Pennsylvania.
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