Natixis Advisors LLC Boosts Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Natixis Advisors LLC increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 16.0% during the third quarter, HoldingsChannel.com reports. The fund owned 492,113 shares of the construction company’s stock after buying an additional 67,798 shares during the period. Natixis Advisors LLC’s holdings in Armstrong World Industries were worth $64,678,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Jupiter Asset Management Ltd. acquired a new stake in shares of Armstrong World Industries in the first quarter valued at approximately $2,081,000. Assenagon Asset Management S.A. boosted its position in shares of Armstrong World Industries by 107.3% during 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 last quarter. Sei Investments Co. grew its holdings in shares of Armstrong World Industries by 185.3% in the first quarter. Sei Investments Co. now owns 52,241 shares of the construction company’s stock valued at $6,489,000 after purchasing an additional 33,927 shares during the period. UniSuper Management Pty Ltd acquired a new position in Armstrong World Industries in the 1st quarter valued at about $938,000. Finally, Redwood Investment Management LLC purchased a new stake in shares of Armstrong World Industries in the 1st quarter valued at approximately $1,501,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com raised 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 price target on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Evercore ISI increased their price target on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report 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 report on Wednesday, October 30th. Finally, UBS Group increased 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Price Performance

AWI stock opened at $153.28 on Friday. The business’s fifty day moving average price is $137.42 and its 200 day moving average price is $125.29. Armstrong World Industries, Inc. has a 12-month low of $81.47 and a 12-month high of $157.51. 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 capitalization of $6.68 billion, a PE ratio of 27.03, a P/E/G ratio of 1.96 and a beta of 1.13.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. During the same period in the prior year, the firm earned $1.60 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

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

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.