Quantbot Technologies LP Acquires 3,569 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Quantbot Technologies LP increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 196.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,389 shares of the construction company's stock after acquiring an additional 3,569 shares during the period. Quantbot Technologies LP's holdings in Armstrong World Industries were worth $708,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AWI. Assenagon Asset Management S.A. lifted its stake in shares of Armstrong World Industries by 107.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 64,316 shares of the construction company's stock worth $7,283,000 after buying an additional 33,290 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Armstrong World Industries by 35.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,524 shares of the construction company's stock worth $2,437,000 after buying an additional 5,637 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Armstrong World Industries by 16.0% during the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company's stock valued at $64,678,000 after acquiring an additional 67,798 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Armstrong World Industries by 32.9% in the third quarter. Quest Partners LLC now owns 19,971 shares of the construction company's stock valued at $2,625,000 after purchasing an additional 4,945 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Armstrong World Industries by 247.4% in the 2nd quarter. Hsbc Holdings PLC now owns 11,405 shares of the construction company's stock valued at $1,288,000 after purchasing an additional 8,122 shares during the period. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of AWI stock traded down $0.60 during mid-day trading on Tuesday, hitting $158.54. 33,729 shares of the stock traded hands, compared to its average volume of 300,314. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a twelve month low of $89.87 and a twelve month high of $164.40. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. The company's 50-day simple moving average is $144.32 and its 200-day simple moving average is $128.61.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.06. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. During the same quarter last year, the firm posted $1.60 EPS. The company's revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was 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 is 21.69%.

Wall Street Analysts Forecast Growth

AWI has been the topic of several research reports. Loop Capital raised their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. UBS Group boosted their price target on Armstrong World Industries from $136.00 to $144.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Four 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 company has a consensus rating of "Hold" and a consensus target price of $140.83.

About Armstrong World Industries

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.