2,574 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Bought by MQS Management LLC

MQS Management LLC purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the second quarter, HoldingsChannel reports. The fund purchased 2,574 shares of the construction company’s stock, valued at approximately $291,000.

Several other large investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in Armstrong World Industries during the 1st quarter valued at approximately $27,000. UMB Bank n.a. raised its position in shares of Armstrong World Industries by 67.3% during the first quarter. UMB Bank n.a. now owns 261 shares of the construction company’s stock valued at $32,000 after buying an additional 105 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of Armstrong World Industries in the first quarter worth $52,000. First Horizon Advisors Inc. boosted its position in shares of Armstrong World Industries by 33.0% during the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock worth $57,000 after acquiring an additional 125 shares during the last quarter. Finally, CWM LLC grew its stake in Armstrong World Industries by 17.3% during the second quarter. CWM LLC now owns 644 shares of the construction company’s stock valued at $73,000 after acquiring an additional 95 shares in the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AWI has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group increased their price target on Armstrong World Industries from $122.00 to $136.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Evercore ISI raised their price target on Armstrong World Industries from $119.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, July 31st. Finally, StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.75.

Armstrong World Industries Trading Down 0.4 %

AWI opened at $131.30 on Friday. The stock has a 50-day moving average of $124.26 and a 200 day moving average of $119.60. The company has a current ratio of 1.76, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. Armstrong World Industries, Inc. has a 12 month low of $68.35 and a 12 month high of $134.90. The firm has a market cap of $5.75 billion, a P/E ratio of 24.68, a P/E/G ratio of 1.73 and a beta of 1.14.

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

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.85%. Armstrong World Industries’s dividend payout ratio is presently 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.