Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 48.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 95,567 shares of the construction company's stock after acquiring an additional 31,251 shares during the quarter. Assenagon Asset Management S.A. owned 0.22% of Armstrong World Industries worth $12,560,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in Armstrong World Industries in the 1st quarter valued at $27,000. V Square Quantitative Management LLC acquired a new position in Armstrong World Industries during the third quarter worth about $31,000. UMB Bank n.a. grew its stake in Armstrong World Industries by 53.7% during the 3rd quarter. UMB Bank n.a. now owns 438 shares of the construction company's stock valued at $58,000 after acquiring an additional 153 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Armstrong World Industries by 33.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company's stock valued at $57,000 after acquiring an additional 125 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Armstrong World Industries by 20.4% in the 1st quarter. Covestor Ltd now owns 596 shares of the construction company's stock valued at $74,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AWI. Truist Financial upped their price target on Armstrong World Industries from $131.00 to $148.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th. Jefferies Financial Group boosted 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 report on Wednesday, October 9th. UBS Group raised their price objective on shares of Armstrong World Industries from $122.00 to $136.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. Finally, Evercore ISI boosted their target price 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Armstrong World Industries currently has an average rating of "Moderate Buy" and a consensus target price of $133.00.

Armstrong World Industries Trading Up 0.8 %

NYSE AWI traded up $1.11 on Monday, reaching $137.30. The stock had a trading volume of 411,931 shares, compared to its average volume of 311,433. Armstrong World Industries, Inc. has a 12-month low of $73.25 and a 12-month high of $142.33. The stock has a fifty day moving average price of $130.59 and a two-hundred day moving average price of $122.11. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 1.92 and a beta of 1.14. The company has a quick ratio of 1.19, a current ratio of 1.76 and a debt-to-equity ratio of 0.97.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its earnings results on Tuesday, July 30th. The construction company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.07. The company had revenue of $365.10 million during the quarter, compared to analysts' expectations of $360.36 million. Armstrong World Industries had a return on equity of 41.53% and a net margin of 17.92%. Armstrong World Industries's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. As a group, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.07 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, November 7th. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.28. Armstrong World Industries's dividend payout ratio (DPR) is currently 23.12%.

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.