Thrivent Financial for Lutherans Purchases 4,334 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Thrivent Financial for Lutherans grew its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,383 shares of the construction company's stock after acquiring an additional 4,334 shares during the period. Thrivent Financial for Lutherans owned 0.31% of Armstrong World Industries worth $17,530,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Chesapeake Capital Corp IL increased its position in shares of Armstrong World Industries by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 4,314 shares of the construction company's stock valued at $565,000 after buying an additional 941 shares during the period. Natixis Advisors LLC lifted its stake in Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company's stock worth $64,678,000 after purchasing an additional 67,798 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Armstrong World Industries by 4.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company's stock valued at $245,000 after purchasing an additional 76 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Armstrong World Industries by 2.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,206 shares of the construction company's stock worth $1,341,000 after buying an additional 283 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Armstrong World Industries by 230.1% during the 3rd quarter. Victory Capital Management Inc. now owns 43,430 shares of the construction company's stock valued at $5,708,000 after acquiring an additional 30,273 shares during the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Trading Up 0.4 %

Shares of NYSE:AWI traded up $0.66 during midday trading on Thursday, hitting $155.07. 2,889 shares of the stock traded hands, compared to its average volume of 303,899. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $6.76 billion, a PE ratio of 27.24, a P/E/G ratio of 1.96 and a beta of 1.13. Armstrong World Industries, Inc. has a one year low of $82.63 and a one year high of $157.51. The business's 50 day moving average is $139.35 and its two-hundred day moving average is $126.10.

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 for the quarter, topping the consensus estimate 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 business had revenue of $386.60 million during the quarter, compared to analysts' expectations of $386.69 million. During the same quarter last year, the business posted $1.60 EPS. The business's revenue was up 11.3% on a year-over-year basis. As a group, research analysts forecast 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 dividend of $0.308 per share. This is an increase from Armstrong World Industries's previous quarterly dividend of $0.28. This represents a $1.23 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 7th. Armstrong World Industries's payout ratio is presently 21.69%.

Wall Street Analyst Weigh In

AWI has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their target price 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. Truist Financial lifted their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Loop Capital boosted their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.