Millennium Management LLC Has $6.24 Million Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Millennium Management LLC raised its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 252.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,078 shares of the construction company's stock after purchasing an additional 39,452 shares during the quarter. Millennium Management LLC owned 0.13% of Armstrong World Industries worth $6,237,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Armstrong World Industries by 56.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,586,551 shares of the construction company's stock worth $155,991,000 after buying an additional 569,824 shares during the period. Vanguard Group Inc. increased its stake in Armstrong World Industries by 12.2% during the 4th quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company's stock valued at $468,315,000 after purchasing an additional 517,699 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Armstrong World Industries in the first quarter valued at about $39,183,000. Jupiter Asset Management Ltd. raised its stake in shares of Armstrong World Industries by 1,369.3% in the second quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company's stock worth $27,872,000 after purchasing an additional 229,378 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Armstrong World Industries by 35.0% during the second quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company's stock worth $48,049,000 after purchasing an additional 110,111 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Price Performance

Armstrong World Industries stock traded up $2.96 during midday trading on Friday, reaching $136.26. The company's stock had a trading volume of 256,565 shares, compared to its average volume of 314,953. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.76. The stock's 50 day simple moving average is $126.34 and its 200 day simple moving average is $120.70. Armstrong World Industries, Inc. has a fifty-two week low of $68.35 and a fifty-two week high of $136.60. The firm has a market capitalization of $5.95 billion, a PE ratio of 24.33, a P/E/G ratio of 1.92 and a beta of 1.14.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.07. Armstrong World Industries had a return on equity of 41.53% and a net margin of 17.92%. The firm had revenue of $365.10 million during the quarter, compared to analysts' expectations of $360.36 million. During the same quarter last year, the business posted $1.38 EPS. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. On average, 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. Shareholders of record on Thursday, August 8th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, August 8th. Armstrong World Industries's payout ratio is 20.44%.

Wall Street Analyst Weigh In

AWI has been the subject of several recent research reports. Truist Financial raised their target price 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. StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. Evercore ISI lifted their price objective on shares of Armstrong World Industries from $119.00 to $127.00 and gave the company an "in-line" rating in a report on Wednesday, July 31st. Jefferies Financial Group boosted their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, UBS Group raised their target price on shares of Armstrong World Industries from $122.00 to $136.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $133.00.

Armstrong World Industries 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.