Sanctuary Advisors LLC Buys Shares of 4,590 Armstrong World Industries, Inc. (NYSE:AWI)

Sanctuary Advisors LLC bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,590 shares of the construction company's stock, valued at approximately $537,000.

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

Analyst Ratings Changes

AWI has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. Jefferies Financial Group increased their price target 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. Evercore ISI raised their target price on shares of Armstrong World Industries from $119.00 to $127.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 31st. 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. Finally, 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 research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $133.00.

Armstrong World Industries Stock Performance

Shares of NYSE AWI traded up $2.46 during mid-day trading on Wednesday, reaching $141.11. 216,753 shares of the company were exchanged, compared to its average volume of 313,270. The company's 50-day simple moving average is $127.68 and its 200-day simple moving average is $121.09. The company has a quick ratio of 1.19, a current ratio of 1.76 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $6.17 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.92 and a beta of 1.14. Armstrong World Industries, Inc. has a twelve month low of $68.35 and a twelve month high of $142.06.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results 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 net margin of 17.92% and a return on equity of 41.53%. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $360.36 million. During the same period last year, the firm earned $1.38 earnings per share. Armstrong World Industries's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Thursday, August 8th. Armstrong World Industries's dividend payout ratio is 21.05%.

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.