5,846 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,846 shares of the construction company's stock, valued at approximately $768,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Transcendent Capital Group LLC acquired a new stake in shares of Armstrong World Industries in the third quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new stake in Armstrong World Industries in the 3rd quarter valued at $31,000. Allspring Global Investments Holdings LLC lifted its holdings in Armstrong World Industries by 41.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company's stock valued at $35,000 after purchasing an additional 89 shares during the last quarter. Point72 DIFC Ltd bought a new position in Armstrong World Industries during the third quarter worth $47,000. Finally, UMB Bank n.a. increased its holdings in shares of Armstrong World Industries by 53.7% in 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 during the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of NYSE AWI traded down $1.66 during midday trading on Friday, reaching $153.65. The company's stock had a trading volume of 283,386 shares, compared to its average volume of 296,129. 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 $6.70 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.01 and a beta of 1.15. The business's 50 day moving average price is $148.73 and its two-hundred day moving average price is $131.14. Armstrong World Industries, Inc. has a fifty-two week low of $95.24 and a fifty-two week high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $386.60 million during the quarter, compared to analysts' expectations of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 EPS. On average, 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. Stockholders of record on Thursday, November 7th were given a $0.308 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries's payout ratio is presently 21.69%.

Analyst Ratings Changes

AWI has been the subject of a number of research reports. UBS Group raised their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. Loop Capital upped their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Armstrong World Industries presently 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.