Natixis Advisors LLC Boosts Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Natixis Advisors LLC boosted its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 16.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 492,113 shares of the construction company's stock after buying an additional 67,798 shares during the period. Natixis Advisors LLC owned approximately 1.13% of Armstrong World Industries worth $64,678,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Burgundy Asset Management Ltd. raised its stake in shares of Armstrong World Industries by 1.5% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,151,442 shares of the construction company's stock valued at $130,389,000 after acquiring an additional 17,075 shares during the period. Van Berkom & Associates Inc. raised its position in Armstrong World Industries by 2.0% in the second quarter. Van Berkom & Associates Inc. now owns 725,613 shares of the construction company's stock valued at $82,168,000 after purchasing an additional 14,450 shares during the period. Los Angeles Capital Management LLC lifted its stake in Armstrong World Industries by 46.0% during the second quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company's stock worth $52,155,000 after purchasing an additional 145,133 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Armstrong World Industries by 27.8% during the second quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company's stock worth $35,385,000 after buying an additional 67,954 shares during the period. Finally, Capital Group Private Client Services Inc. grew its stake in shares of Armstrong World Industries by 12.3% in the first quarter. Capital Group Private Client Services Inc. now owns 279,988 shares of the construction company's stock valued at $34,780,000 after buying an additional 30,606 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group increased 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. Jefferies Financial Group increased their price target 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. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th. 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 report on Wednesday, October 30th. Finally, Loop Capital raised their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Armstrong World Industries has a consensus rating of "Hold" and an average price target of $140.83.

Armstrong World Industries Stock Up 0.0 %

Shares of NYSE:AWI opened at $153.28 on Friday. Armstrong World Industries, Inc. has a fifty-two week low of $81.47 and a fifty-two week high of $157.51. The firm's 50 day moving average price is $137.42 and its 200 day moving average price is $125.29. 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 cap of $6.68 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.06. The business had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company's revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.60 EPS. As a group, equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be issued a $0.308 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.80%. This is an increase from Armstrong World Industries's previous quarterly dividend of $0.28. Armstrong World Industries's dividend payout ratio is presently 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.