AQR Capital Management LLC Has $13.06 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

AQR Capital Management LLC grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 13.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 115,300 shares of the construction company's stock after purchasing an additional 13,687 shares during the quarter. AQR Capital Management LLC owned about 0.26% of Armstrong World Industries worth $13,057,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Armstrong World Industries during the 1st quarter worth about $27,000. UMB Bank n.a. raised its holdings in Armstrong World Industries by 67.3% in the 1st quarter. UMB Bank n.a. now owns 261 shares of the construction company's stock valued at $32,000 after acquiring an additional 105 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of Armstrong World Industries in the 1st quarter worth approximately $52,000. First Horizon Advisors Inc. increased its position in shares of Armstrong World Industries by 33.0% during the second 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. Finally, CWM LLC raised its stake in shares of Armstrong World Industries by 17.3% in the second quarter. CWM LLC now owns 644 shares of the construction company's stock valued at $73,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. Truist Financial raised their price objective on shares of Armstrong World Industries from $131.00 to $148.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. UBS Group boosted their price objective on Armstrong World Industries from $122.00 to $136.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Finally, Evercore ISI increased their target price on Armstrong World Industries from $119.00 to $127.00 and gave the stock an "in-line" rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.75.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock traded down $0.53 during midday trading on Wednesday, reaching $133.46. The company had a trading volume of 166,640 shares, compared to its average volume of 319,300. The stock has a fifty day simple moving average of $125.76 and a 200 day simple moving average of $120.14. Armstrong World Industries, Inc. has a 1-year low of $68.35 and a 1-year high of $134.90. The company has a current ratio of 1.76, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.07. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $360.36 million. Armstrong World Industries had a return on equity of 41.53% and a net margin of 17.92%. The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. As a group, equities research analysts forecast that Armstrong World Industries, Inc. will post 6.07 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, August 8th. Armstrong World Industries's dividend payout ratio (DPR) is presently 21.05%.

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.