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

MQS Management LLC acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,574 shares of the construction company’s stock, valued at approximately $291,000.

Other large investors have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in shares of Armstrong World Industries by 142.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,440 shares of the construction company’s stock valued at $1,223,000 after acquiring an additional 7,317 shares in the last quarter. Norges Bank bought a new stake in shares of Armstrong World Industries in the 4th quarter worth $42,297,000. Corient Private Wealth LLC raised its stake in shares of Armstrong World Industries by 6.4% in the fourth quarter. Corient Private Wealth LLC now owns 14,088 shares of the construction company’s stock worth $1,385,000 after purchasing an additional 842 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Armstrong World Industries during the fourth quarter valued at $1,639,000. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of Armstrong World Industries during the fourth quarter valued at $918,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Down 0.4 %

Shares of AWI stock opened at $131.30 on Friday. 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 stock 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. The company has a 50 day simple moving average of $124.26 and a two-hundred day simple moving average of $119.60.

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 company had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $360.36 million. During the same period last year, the firm earned $1.38 EPS. Armstrong World Industries’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts expect that Armstrong World Industries, Inc. will post 6.07 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued 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 is 21.05%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group upped their target price 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. Truist Financial raised their target price on shares of Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Finally, Evercore ISI raised their price target on Armstrong World Industries from $119.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.