Livforsakringsbolaget Skandia Omsesidigt Has $2.97 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 38.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,600 shares of the construction company's stock after buying an additional 6,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.05% of Armstrong World Industries worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. bought a new position in Armstrong World Industries during the 1st quarter worth approximately $2,081,000. Assenagon Asset Management S.A. lifted its stake in Armstrong World Industries by 107.3% during the second quarter. Assenagon Asset Management S.A. now owns 64,316 shares of the construction company's stock worth $7,283,000 after purchasing an additional 33,290 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Armstrong World Industries in the first quarter worth $39,183,000. Illinois Municipal Retirement Fund bought a new stake in Armstrong World Industries during the first quarter valued at $3,097,000. Finally, Duality Advisers LP acquired a new stake in shares of Armstrong World Industries during the first quarter worth $1,150,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

Shares of NYSE AWI traded up $2.96 during midday trading on Friday, hitting $136.26. 256,818 shares of the company's stock were exchanged, compared to its average volume of 314,953. Armstrong World Industries, Inc. has a twelve month low of $68.35 and a twelve month high of $136.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.76 and a quick ratio of 1.19. The firm has a market cap of $5.96 billion, a P/E ratio of 25.61, a PEG ratio of 1.92 and a beta of 1.14. The stock's 50 day moving average price is $126.54 and its 200-day moving average price is $120.77.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.07. The business had revenue of $365.10 million for the quarter, compared to analysts' expectations of $360.36 million. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The company's revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 earnings per share. Equities research analysts anticipate that Armstrong World Industries, Inc. will post 6.07 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.12 annualized dividend and a yield of 0.82%. Armstrong World Industries's payout ratio is 21.05%.

Analysts Set New Price Targets

Several research firms have recently commented on AWI. Truist Financial lifted their price target on shares of Armstrong World Industries from $131.00 to $148.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Jefferies Financial Group upped their target price on Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a report on Wednesday. Evercore ISI raised their price target 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. StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. Finally, UBS Group increased their target price on Armstrong World Industries from $122.00 to $136.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $133.00.

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.