BNP Paribas Financial Markets Raises Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

BNP Paribas Financial Markets grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 89.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,011 shares of the construction company's stock after purchasing an additional 5,191 shares during the period. BNP Paribas Financial Markets' holdings in Armstrong World Industries were worth $1,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Transcendent Capital Group LLC purchased a new stake in shares of Armstrong World Industries in the third quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new stake in shares of Armstrong World Industries in the 3rd quarter valued at about $31,000. Allspring Global Investments Holdings LLC lifted its position in Armstrong World Industries by 41.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company's stock valued at $35,000 after acquiring an additional 89 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Armstrong World Industries by 33.0% in the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company's stock worth $57,000 after purchasing an additional 125 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in 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 acquiring an additional 153 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Trading Down 1.0 %

Shares of NYSE AWI traded down $1.56 during trading on Monday, hitting $156.22. 154,129 shares of the company were exchanged, compared to its average volume of 298,231. The company has a fifty day moving average price of $146.54 and a 200-day moving average price of $129.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market capitalization of $6.81 billion, a PE ratio of 27.83, a P/E/G ratio of 2.02 and a beta of 1.15. Armstrong World Industries, Inc. has a 12-month low of $92.29 and a 12-month high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating 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 business had revenue of $386.60 million during the quarter, compared to analysts' expectations of $386.69 million. During the same quarter in the prior year, the company posted $1.60 EPS. The business's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.308 dividend. This is a positive change from Armstrong World Industries's previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, November 7th. Armstrong World Industries's payout ratio is 21.69%.

Analyst Upgrades and Downgrades

AWI has been the subject of a number of research analyst reports. UBS Group raised their target price on Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Truist Financial boosted their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Loop Capital upped their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Finally, Evercore ISI upped their price objective on shares of 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. Four 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, Armstrong World Industries presently has a consensus rating of "Hold" and an average target price of $140.83.

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.