Entropy Technologies LP Takes $775,000 Position in Armstrong World Industries, Inc. (NYSE:AWI)

Entropy Technologies LP acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,900 shares of the construction company's stock, valued at approximately $775,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in shares of Armstrong World Industries during the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC purchased a new stake in Armstrong World Industries during the 1st quarter valued at $27,000. V Square Quantitative Management LLC bought a new stake in shares of Armstrong World Industries in the 3rd quarter worth $31,000. First Horizon Advisors Inc. increased its holdings in shares of Armstrong World Industries by 33.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company's stock worth $57,000 after purchasing an additional 125 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Armstrong World Industries by 53.7% in the third quarter. UMB Bank n.a. now owns 438 shares of the construction company's stock worth $58,000 after purchasing an additional 153 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on AWI shares. Truist Financial lifted their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. UBS Group lifted their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Evercore ISI increased their price objective 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. Jefferies Financial Group lifted their target price on shares of 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, StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Armstrong World Industries has an average rating of "Hold" and a consensus target price of $140.83.

Armstrong World Industries Stock Performance

NYSE AWI traded up $0.07 during trading hours on Friday, hitting $153.28. 166,238 shares of the company's stock traded hands, compared to its average volume of 307,465. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 52 week low of $81.47 and a 52 week high of $157.51. The firm has a market capitalization of $6.68 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.96 and a beta of 1.13. The business's fifty day moving average price is $136.78 and its two-hundred day moving average price is $124.98.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping 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 company had revenue of $386.60 million for the quarter, compared to analysts' expectations of $386.69 million. During the same period last year, the firm earned $1.60 EPS. Armstrong World Industries's revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

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

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.