Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Corient Capital Partners LLC

Corient Capital Partners LLC increased its holdings in Armstrong World Industries, Inc. (NYSE:AWIGet Rating) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,185 shares of the construction company’s stock after acquiring an additional 154 shares during the quarter. Corient Capital Partners LLC’s holdings in Armstrong World Industries were worth $839,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG increased its holdings in Armstrong World Industries by 2.0% in the second quarter. UBS Group AG now owns 6,401 shares of the construction company’s stock valued at $480,000 after buying an additional 123 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Armstrong World Industries by 3.3% during the second quarter. Private Advisor Group LLC now owns 4,080 shares of the construction company’s stock valued at $305,000 after purchasing an additional 131 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Armstrong World Industries by 6.5% during the first quarter. Captrust Financial Advisors now owns 3,181 shares of the construction company’s stock valued at $286,000 after purchasing an additional 195 shares during the last quarter. Taylor Hoffman Wealth Management grew its holdings in shares of Armstrong World Industries by 0.7% during the first quarter. Taylor Hoffman Wealth Management now owns 33,964 shares of the construction company’s stock valued at $3,057,000 after purchasing an additional 224 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Armstrong World Industries by 9.0% during the second quarter. Inspire Investing LLC now owns 2,834 shares of the construction company’s stock valued at $212,000 after purchasing an additional 235 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Armstrong World Industries from $112.00 to $113.00 in a report on Wednesday, October 26th. Credit Suisse Group reduced their price objective on Armstrong World Industries from $103.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, UBS Group reduced their price objective on Armstrong World Industries from $86.00 to $82.00 and set a “sell” rating for the company in a research report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.44.

Armstrong World Industries Stock Performance

AWI opened at $76.80 on Thursday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.66 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a 1-year low of $71.64 and a 1-year high of $118.14. The business has a 50 day moving average price of $78.75 and a two-hundred day moving average price of $81.73.

Armstrong World Industries (NYSE:AWIGet Rating) last released its earnings results on Tuesday, October 25th. The construction company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). The firm had revenue of $325.00 million during the quarter, compared to analyst estimates of $331.54 million. Armstrong World Industries had a return on equity of 42.46% and a net margin of 16.18%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. Research analysts predict that Armstrong World Industries, Inc. will post 4.8 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd were given a dividend of $0.254 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Wednesday, November 2nd. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.23. Armstrong World Industries’s dividend payout ratio is 24.40%.

About Armstrong World Industries

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Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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