Bank of Montreal Can Increases Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Bank of Montreal Can boosted its holdings in Armstrong World Industries, Inc. (NYSE:AWIFree Report) by 166.2% in the 3rd quarter, Holdings Channel reports. The firm owned 48,963 shares of the construction company’s stock after purchasing an additional 30,570 shares during the period. Bank of Montreal Can’s holdings in Armstrong World Industries were worth $6,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in Armstrong World Industries during the 3rd quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new stake in shares of Armstrong World Industries during the third quarter worth $31,000. Allspring Global Investments Holdings LLC grew its position in Armstrong World Industries by 41.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company’s stock valued at $35,000 after buying an additional 89 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Armstrong World Industries by 33.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock valued at $57,000 after buying an additional 125 shares during the period. Finally, UMB Bank n.a. raised its position in Armstrong World Industries by 53.7% during the 3rd quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock worth $58,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 0.4 %

NYSE AWI opened at $159.14 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a fifty-two week low of $89.87 and a fifty-two week high of $164.40. The business has a 50 day moving average price of $143.79 and a two-hundred day moving average price of $128.29. The stock has a market cap of $6.94 billion, a PE ratio of 28.19, a P/E/G ratio of 2.04 and a beta of 1.13.

Armstrong World Industries (NYSE:AWIGet Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $386.60 million during the quarter, compared to analyst estimates of $386.69 million. During the same quarter last year, the firm earned $1.60 EPS. Armstrong World Industries’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.308 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.23 dividend on an annualized basis and a yield of 0.77%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. Armstrong World Industries’s dividend payout ratio (DPR) is currently 21.69%.

Analyst Ratings Changes

AWI has been the subject of several analyst reports. UBS Group increased their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Loop Capital upped their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Truist Financial upped their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Armstrong World Industries presently has a consensus rating of “Hold” and an average price target of $140.83.

Check Out Our Latest Report on Armstrong World Industries

Armstrong World Industries Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries, Inc. (NYSE:AWIFree Report).

Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

Receive News & Ratings for Armstrong World Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries and related companies with MarketBeat.com's FREE daily email newsletter.