Armstrong World Industries, Inc. (NYSE:AWI) Shares Bought by Quest Partners LLC

Quest Partners LLC increased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 32.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,971 shares of the construction company's stock after purchasing an additional 4,945 shares during the period. Quest Partners LLC's holdings in Armstrong World Industries were worth $2,625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AWI. Burgundy Asset Management Ltd. boosted its stake in shares of Armstrong World Industries by 1.5% during the second quarter. Burgundy Asset Management Ltd. now owns 1,151,442 shares of the construction company's stock valued at $130,389,000 after acquiring an additional 17,075 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Armstrong World Industries by 2.0% during the 2nd quarter. Van Berkom & Associates Inc. now owns 725,613 shares of the construction company's stock worth $82,168,000 after purchasing an additional 14,450 shares during the last quarter. Natixis Advisors LLC grew 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 worth $64,678,000 after buying an additional 67,798 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Armstrong World Industries by 46.0% in the second quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company's stock valued at $52,155,000 after buying an additional 145,133 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Armstrong World Industries by 27.8% in the second quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company's stock valued at $35,385,000 after buying an additional 67,954 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Trading Down 0.3 %

Shares of NYSE AWI traded down $0.41 during midday trading on Monday, hitting $152.87. The stock had a trading volume of 138,898 shares, compared to its average volume of 306,709. The company has a fifty day moving average price of $138.07 and a 200 day moving average price of $125.64. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.96 and a beta of 1.13. Armstrong World Industries, Inc. has a 1-year low of $81.99 and a 1-year high of $157.51. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. During the same period in the previous year, the firm earned $1.60 earnings per share. Armstrong World Industries's revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict 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 disclosed 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. The ex-dividend date is Thursday, November 7th. This is a positive change from Armstrong World Industries's previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 0.81%. Armstrong World Industries's dividend payout ratio (DPR) is 21.69%.

Analyst Upgrades and Downgrades

Several research firms have commented on AWI. StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. 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 research note on Wednesday, October 9th. UBS Group raised their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Evercore ISI upped their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Loop Capital increased their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.