Marshall Wace LLP Has $669,000 Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Marshall Wace LLP grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 64.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,910 shares of the construction company’s stock after purchasing an additional 2,306 shares during the period. Marshall Wace LLP’s holdings in Armstrong World Industries were worth $669,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Xponance Inc. increased its stake in Armstrong World Industries by 6.0% in the 2nd quarter. Xponance Inc. now owns 2,924 shares of the construction company’s stock valued at $331,000 after buying an additional 165 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Armstrong World Industries by 6.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 96,266 shares of the construction company’s stock valued at $10,901,000 after acquiring an additional 5,706 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of Armstrong World Industries by 54.3% in the 2nd quarter. Ensign Peak Advisors Inc now owns 21,793 shares of the construction company’s stock valued at $2,468,000 after acquiring an additional 7,665 shares in the last quarter. Sei Investments Co. increased its position in shares of Armstrong World Industries by 70.7% in the second quarter. Sei Investments Co. now owns 89,196 shares of the construction company’s stock valued at $10,101,000 after acquiring an additional 36,955 shares during the last quarter. Finally, Bridges Investment Management Inc. bought a new stake in Armstrong World Industries during the second quarter worth about $331,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of AWI opened at $134.14 on Wednesday. The firm has a market capitalization of $5.87 billion, a PE ratio of 25.21, a PEG ratio of 1.88 and a beta of 1.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.76 and a quick ratio of 1.19. The company’s 50-day moving average is $126.18 and its 200-day moving average is $120.51. Armstrong World Industries, Inc. has a fifty-two week low of $68.35 and a fifty-two week high of $136.22.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.62 earnings per share (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 during the quarter, compared to analysts’ expectations of $360.36 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that Armstrong World Industries, Inc. will post 6.07 EPS for the current year.

Armstrong World Industries Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group boosted their price target on Armstrong World Industries from $122.00 to $136.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Evercore ISI increased their price target on shares of 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. Truist Financial boosted their price objective 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. Finally, StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently 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.