Jane Street Group LLC Buys 17,263 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Jane Street Group LLC increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 37.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,513 shares of the construction company's stock after acquiring an additional 17,263 shares during the quarter. Jane Street Group LLC owned about 0.15% of Armstrong World Industries worth $8,348,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AWI. Transcendent Capital Group LLC bought a new position in shares of Armstrong World Industries in the 3rd quarter valued at about $26,000. V Square Quantitative Management LLC bought a new position in Armstrong World Industries in the third quarter valued at approximately $31,000. Allspring Global Investments Holdings LLC grew its holdings in Armstrong World Industries by 41.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company's stock worth $35,000 after acquiring an additional 89 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Armstrong World Industries during the 3rd quarter valued at $47,000. Finally, First Horizon Advisors Inc. lifted its stake 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 valued at $57,000 after purchasing an additional 125 shares during the period. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Down 1.1 %

Shares of AWI traded down $1.66 on Friday, hitting $153.65. The company's stock had a trading volume of 283,386 shares, compared to its average volume of 296,129. The firm's fifty day moving average price is $148.73 and its 200-day moving average price is $131.03. Armstrong World Industries, Inc. has a fifty-two week low of $95.24 and a fifty-two week high of $164.40. 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 firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 2.01 and a beta of 1.15.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. The company 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 revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. On average, equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a dividend of $0.308 per share. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, November 7th. Armstrong World Industries's dividend payout ratio (DPR) is currently 21.69%.

Analyst Ratings Changes

A number of 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 research note on Wednesday, October 30th. UBS Group upped their price target on Armstrong World Industries from $136.00 to $144.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. Evercore ISI boosted 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 report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $140.83.

About Armstrong World Industries

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.