UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $20.79 Million Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 158,165 shares of the construction company's stock after buying an additional 4,353 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.36% of Armstrong World Industries worth $20,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in Armstrong World Industries during the third quarter valued at $26,000. V Square Quantitative Management LLC purchased a new stake in shares of Armstrong World Industries in the third quarter worth approximately $31,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Armstrong World Industries by 41.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company's stock worth $35,000 after purchasing an additional 89 shares during the period. UMB Bank n.a. grew its position in Armstrong World Industries by 53.7% during the third quarter. UMB Bank n.a. now owns 438 shares of the construction company's stock valued at $58,000 after purchasing an additional 153 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in Armstrong World Industries by 33.0% during the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company's stock valued at $57,000 after purchasing an additional 125 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Stock Down 0.7 %

Shares of AWI traded down $1.13 during trading hours on Friday, hitting $157.78. 207,238 shares of the company were exchanged, compared to its average volume of 298,841. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The company has a market cap of $6.88 billion, a PE ratio of 27.71, a PEG ratio of 2.03 and a beta of 1.15. The firm's 50 day moving average is $146.01 and its 200-day moving average is $129.35. Armstrong World Industries, Inc. has a 52 week low of $90.93 and a 52 week high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $386.69 million. During the same quarter in the prior year, the business earned $1.60 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, November 7th. This is an increase from Armstrong World Industries's previous quarterly dividend of $0.28. Armstrong World Industries's dividend payout ratio (DPR) is 21.69%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AWI shares. StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. Evercore ISI lifted their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted 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. Finally, Truist Financial boosted their price target on Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $140.83.

Armstrong World Industries Company 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.