US Bancorp DE Acquires 82 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

US Bancorp DE lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 672 shares of the construction company’s stock after buying an additional 82 shares during the quarter. US Bancorp DE’s holdings in Armstrong World Industries were worth $88,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AWI. Allspring Global Investments Holdings LLC bought a new position in Armstrong World Industries during the first quarter worth $27,000. V Square Quantitative Management LLC acquired a new position in shares of Armstrong World Industries during the third quarter valued at about $31,000. First Horizon Advisors Inc. boosted its position in shares of Armstrong World Industries by 33.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock worth $57,000 after purchasing an additional 125 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Armstrong World Industries by 53.7% in the 3rd quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock valued at $58,000 after buying an additional 153 shares during the period. Finally, CWM LLC grew its stake in shares of Armstrong World Industries by 17.3% in the 2nd quarter. CWM LLC now owns 644 shares of the construction company’s stock valued at $73,000 after buying an additional 95 shares during the period. Institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AWI shares. Truist Financial increased their price target on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Loop Capital raised their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI lifted their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Trading Up 0.0 %

NYSE AWI opened at $153.28 on Friday. 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 business has a fifty day simple moving average of $137.42 and a 200 day simple moving average of $125.29. Armstrong World Industries, Inc. has a 12 month low of $81.47 and a 12 month high of $157.51. The firm has a market capitalization of $6.68 billion, a P/E ratio of 27.03, a PEG ratio of 1.96 and a beta of 1.13.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $386.69 million. During the same quarter in the prior year, the company posted $1.60 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a dividend of $0.308 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. Armstrong World Industries’s dividend payout ratio (DPR) is currently 21.69%.

Armstrong World Industries Company 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.