Atria Investments Inc Purchases 284 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Atria Investments Inc raised its position in Armstrong World Industries, Inc. (NYSE:AWI) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,714 shares of the construction company’s stock after buying an additional 284 shares during the quarter. Atria Investments Inc’s holdings in Armstrong World Industries were worth $1,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Verdence Capital Advisors LLC grew its holdings in shares of Armstrong World Industries by 3.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock valued at $399,000 after purchasing an additional 104 shares during the last quarter. SpiderRock Advisors LLC acquired a new position in shares of Armstrong World Industries during the 3rd quarter valued at $964,000. Van ECK Associates Corp lifted its position in shares of Armstrong World Industries by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 29,543 shares of the construction company’s stock valued at $4,082,000 after acquiring an additional 8,441 shares during the period. US Bancorp DE lifted its position in shares of Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after acquiring an additional 82 shares during the period. Finally, First Trust Direct Indexing L.P. bought a new position in shares of Armstrong World Industries in the third quarter valued at $244,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Up 0.0 %

Shares of Armstrong World Industries stock opened at $153.28 on Friday. Armstrong World Industries, Inc. has a 12-month low of $81.47 and a 12-month high of $157.51. The company has a market cap of $6.68 billion, a P/E ratio of 27.03, a PEG ratio of 1.96 and a beta of 1.13. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company’s fifty day simple moving average is $137.42 and its two-hundred day simple moving average is $125.22.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $386.60 million for the quarter, compared to analysts’ expectations of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 EPS. Research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a $0.308 dividend. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.23 dividend on an annualized basis and a yield of 0.80%. Armstrong World Industries’s payout ratio is presently 21.69%.

Analyst Ratings Changes

AWI has been the topic of a number of recent analyst reports. Loop Capital raised their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Jefferies Financial Group raised their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Truist Financial boosted their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $140.83.

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.