Healthcare of Ontario Pension Plan Trust Fund Invests $362,000 in Armstrong World Industries, Inc. (NYSE:AWI)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,200 shares of the construction company’s stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AWI. Price T Rowe Associates Inc. MD lifted its stake 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 valued at $155,991,000 after buying an additional 569,824 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 valued at $468,315,000 after acquiring an additional 517,699 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $39,183,000. Jupiter Asset Management Ltd. boosted its stake in Armstrong World Industries by 1,369.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company’s stock worth $27,872,000 after purchasing an additional 229,378 shares during the period. Finally, Natixis Advisors LLC grew its position in Armstrong World Industries by 35.0% during the 2nd quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company’s stock worth $48,049,000 after purchasing an additional 110,111 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Trading Up 0.7 %

NYSE AWI opened at $134.14 on Wednesday. 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 1-year low of $68.35 and a 1-year high of $136.22. The firm’s fifty day simple moving average is $126.18 and its 200-day simple moving average is $120.51. The company has a market capitalization of $5.87 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $365.10 million for the quarter, compared to analyst estimates of $360.36 million. During the same period in the prior year, the firm posted $1.38 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.07 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.83%. The ex-dividend date was Thursday, August 8th. Armstrong World Industries’s payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AWI shares. UBS Group increased their target price on Armstrong World Industries from $122.00 to $136.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Truist Financial increased their price objective on Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Evercore ISI lifted their target price on Armstrong World Industries from $119.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.75.

Armstrong World Industries Company 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.