Armstrong World Industries, Inc. $AWI Shares Acquired by Public Sector Pension Investment Board

by · The Markets Daily

Public Sector Pension Investment Board increased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI – Free Report) by 5.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 188,590 shares of the construction company’s stock after purchasing an additional 10,050 shares during the period. Public Sector Pension Investment Board’s holdings in Armstrong World Industries were worth $30,635,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Armstrong World Industries during the second quarter valued at approximately $32,000. Headlands Technologies LLC acquired a new stake in Armstrong World Industries during the 2nd quarter valued at $46,000. MAI Capital Management purchased a new stake in Armstrong World Industries during the 2nd quarter worth $47,000. Employees Retirement System of Texas acquired a new position in Armstrong World Industries in the 2nd quarter worth $58,000. Finally, Bare Financial Services Inc boosted its position in Armstrong World Industries by 1,789.5% in the 2nd quarter. Bare Financial Services Inc now owns 359 shares of the construction company’s stock valued at $58,000 after buying an additional 340 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Trading Down 0.7%

NYSE:AWI opened at $186.21 on Friday. The company has a market cap of $8.03 billion, a PE ratio of 26.64, a P/E/G ratio of 1.84 and a beta of 1.30. The business’s 50 day moving average is $191.08 and its two-hundred day moving average is $182.75. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $206.08.

Armstrong World Industries (NYSE:AWI – Get Free Report) last posted its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.The business had revenue of $325.00 million for the quarter. On average, analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were given a $0.339 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, November 6th. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s payout ratio is 19.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AWI shares. Vertical Research assumed coverage on Armstrong World Industries in a research report on Monday, October 20th. They set a “buy” rating and a $238.00 target price on the stock. UBS Group lifted their price objective on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Zacks Research lowered Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Bank of America raised their price target on shares of Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Wall Street Zen cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.50.

Get Our Latest Analysis on Armstrong World Industries

Armstrong World Industries Company Profile

(Free Report)

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.

Further Reading

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