Choreo LLC Invests $204,000 in Armstrong World Industries, Inc. (NYSE:AWI)

Choreo LLC acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,831 shares of the construction company’s stock, valued at approximately $204,000.

A number of other hedge funds have also bought and sold shares of the stock. Capital International Investors increased its stake in shares of Armstrong World Industries by 1.3% in the fourth quarter. Capital International Investors now owns 4,999,503 shares of the construction company’s stock worth $491,551,000 after acquiring an additional 63,618 shares during the period. Vanguard Group Inc. increased its position in Armstrong World Industries by 12.2% during the fourth quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company’s stock worth $468,315,000 after purchasing an additional 517,699 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Armstrong World Industries by 56.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,586,551 shares of the construction company’s stock worth $155,991,000 after purchasing an additional 569,824 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of Armstrong World Industries by 1.2% during the first quarter. Burgundy Asset Management Ltd. now owns 1,134,367 shares of the construction company’s stock valued at $140,911,000 after acquiring an additional 13,380 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Armstrong World Industries by 46.0% during the second quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company’s stock valued at $52,155,000 after acquiring an additional 145,133 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AWI. Truist Financial raised their price objective on shares of Armstrong World Industries from $131.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Evercore ISI lifted their target price on shares of Armstrong World Industries from $119.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, July 31st. UBS Group boosted their price objective on shares of Armstrong World Industries from $122.00 to $136.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.75.

Armstrong World Industries Price Performance

NYSE:AWI opened at $131.84 on Friday. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. The company has a current ratio of 1.76, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average is $123.99 and its two-hundred day moving average is $119.51. Armstrong World Industries, Inc. has a 12-month low of $68.35 and a 12-month high of $134.90.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $365.10 million during the quarter, compared to the consensus estimate of $360.36 million. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 EPS. Research analysts expect that Armstrong World Industries, Inc. will post 6.07 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, August 8th. Armstrong World Industries’s dividend payout ratio (DPR) is 21.05%.

Armstrong World Industries Profile

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 wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.