Advantage Alpha Capital Partners LP Has $5.38 Million Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Advantage Alpha Capital Partners LP cut its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,942 shares of the construction company's stock after selling 3,199 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.09% of Armstrong World Industries worth $5,381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Jupiter Asset Management Ltd. boosted its position in shares of Armstrong World Industries by 1,369.3% in the second quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company's stock worth $27,872,000 after buying an additional 229,378 shares during the period. Los Angeles Capital Management LLC boosted its position in Armstrong World Industries by 46.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company's stock worth $52,155,000 after acquiring an additional 145,133 shares during the period. Natixis Advisors LLC grew its stake 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 valued at $48,049,000 after acquiring an additional 110,111 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Armstrong World Industries by 171.0% in the 2nd quarter. Squarepoint Ops LLC now owns 125,951 shares of the construction company's stock valued at $14,263,000 after purchasing an additional 79,475 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Armstrong World Industries by 27.8% in the second quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company's stock worth $35,385,000 after purchasing an additional 67,954 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on AWI. Jefferies Financial Group upped their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Loop Capital upped their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. UBS Group lifted their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Evercore ISI upped their target price on Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Finally, Truist Financial lifted their price target on Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. 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, the stock currently has an average rating of "Hold" and a consensus target price of $140.83.

Armstrong World Industries Stock Performance

AWI stock traded up $0.05 during midday trading on Tuesday, hitting $162.01. 177,554 shares of the company traded hands, compared to its average volume of 303,521. The business has a 50 day simple moving average of $141.35 and a 200-day simple moving average of $127.07. 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 twelve month low of $82.63 and a twelve month high of $164.40. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

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 the consensus estimate of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. During the same quarter last year, the firm posted $1.60 EPS. The business's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current 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 of this dividend was Thursday, November 7th. This represents a $1.23 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Armstrong World Industries's previous quarterly dividend of $0.28. Armstrong World Industries's dividend payout ratio (DPR) is 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.