Quantinno Capital Management LP Acquires 2,362 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Quantinno Capital Management LP lifted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 33.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,494 shares of the construction company’s stock after acquiring an additional 2,362 shares during the period. Quantinno Capital Management LP’s holdings in Armstrong World Industries were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in Armstrong World Industries by 107.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 64,316 shares of the construction company’s stock valued at $7,283,000 after acquiring an additional 33,290 shares during the period. Natixis Advisors LLC boosted its holdings in 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 purchasing an additional 67,798 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Armstrong World Industries by 32.9% in the third quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock valued at $2,625,000 after acquiring an additional 4,945 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Armstrong World Industries by 247.4% in the second quarter. Hsbc Holdings PLC now owns 11,405 shares of the construction company’s stock valued at $1,288,000 after purchasing an additional 8,122 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Armstrong World Industries by 70.7% during the second quarter. Sei Investments Co. now owns 89,196 shares of the construction company’s stock worth $10,101,000 after acquiring an additional 36,955 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Trading Down 1.1 %

Shares of NYSE:AWI opened at $155.33 on Friday. The company’s 50 day moving average is $148.35 and its two-hundred day moving average is $130.77. Armstrong World Industries, Inc. has a 52 week low of $93.22 and a 52 week high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.77 billion, a PE ratio of 27.40, a P/E/G ratio of 2.02 and a beta of 1.15.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The company had revenue of $386.60 million during the quarter, compared to analysts’ expectations of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $1.60 EPS. Equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.79%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, November 7th. Armstrong World Industries’s payout ratio is 21.69%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Evercore ISI raised their price objective on 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. Truist Financial boosted their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” 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. UBS Group upped their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.