Centiva Capital LP Acquires New Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Centiva Capital LP acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,718 shares of the construction company's stock, valued at approximately $489,000.

A number of other institutional investors have also recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new position in Armstrong World Industries in the 3rd quarter valued at approximately $169,000. Verition Fund Management LLC acquired a new stake in shares of Armstrong World Industries during the third quarter worth $1,035,000. Walleye Capital LLC acquired a new stake in shares of Armstrong World Industries during the third quarter worth $225,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Armstrong World Industries by 2.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 158,165 shares of the construction company's stock worth $20,788,000 after buying an additional 4,353 shares during the period. Finally, Bridgewater Associates LP increased its position in shares of Armstrong World Industries by 39.3% during the third quarter. Bridgewater Associates LP now owns 2,646 shares of the construction company's stock worth $348,000 after buying an additional 746 shares during the period. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

NYSE AWI traded down $1.56 during trading hours on Monday, reaching $156.22. 154,129 shares of the company were exchanged, compared to its average volume of 298,231. Armstrong World Industries, Inc. has a 1 year low of $92.29 and a 1 year high of $164.40. The business's 50 day simple moving average is $147.04 and its 200-day simple moving average is $130.15. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $6.81 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.02 and a beta of 1.15.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.06. The business had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.60 earnings per share. On average, equities research analysts expect 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 dividend of $0.308 per share. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.28. The ex-dividend date was Thursday, November 7th. This represents a $1.23 dividend on an annualized basis and a yield of 0.79%. Armstrong World Industries's payout ratio is presently 21.69%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Evercore ISI increased their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. UBS Group raised their price objective on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Loop Capital raised their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.