Atria Investments Inc Buys 284 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Atria Investments Inc grew its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 2.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,714 shares of the construction company’s stock after purchasing an additional 284 shares during the quarter. Atria Investments Inc’s holdings in Armstrong World Industries were worth $1,408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AWI. Allspring Global Investments Holdings LLC purchased a new stake in Armstrong World Industries in the 1st quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new position in shares of Armstrong World Industries during the 3rd quarter valued at approximately $31,000. First Horizon Advisors Inc. lifted its position in Armstrong World Industries by 33.0% in the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock worth $57,000 after buying an additional 125 shares during the last quarter. UMB Bank n.a. lifted its position in Armstrong World Industries by 53.7% in the third quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock worth $58,000 after buying an additional 153 shares during the last quarter. Finally, CWM LLC lifted its position in Armstrong World Industries by 17.3% in the second quarter. CWM LLC now owns 644 shares of the construction company’s stock worth $73,000 after buying an additional 95 shares during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $153.28 on Friday. The firm has a market cap of $6.68 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.96 and a beta of 1.13. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 12 month low of $81.47 and a 12 month high of $157.51. The stock’s fifty day moving average price is $137.42 and its 200-day moving average price is $125.22.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating 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 company had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be paid a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 7th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. Armstrong World Industries’s payout ratio is 21.69%.

Analysts Set New Price Targets

AWI has been the topic of a number of recent analyst reports. UBS Group increased their target price 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. Truist Financial increased their target price on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Loop Capital increased their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI increased their target price on 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. Finally, Jefferies Financial Group raised their price target 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. Four equities research 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 currently has an average rating of “Hold” and an average price target of $140.83.

Armstrong World Industries 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.