Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL boosted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 27.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,314 shares of the construction company’s stock after purchasing an additional 941 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Armstrong World Industries were worth $565,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in Armstrong World Industries in the 3rd quarter valued at about $26,000. Allspring Global Investments Holdings LLC bought a new stake in Armstrong World Industries in the 1st quarter valued at about $27,000. V Square Quantitative Management LLC bought a new stake in Armstrong World Industries in the 3rd quarter valued at about $31,000. First Horizon Advisors Inc. lifted its position in Armstrong World Industries by 33.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock valued at $57,000 after purchasing an additional 125 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in 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 purchasing an additional 153 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AWI has been the topic of several recent research reports. Loop Capital lifted 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 report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group boosted their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Evercore ISI boosted their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Truist Financial boosted their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research report 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Stock Up 0.0 %

NYSE AWI opened at $153.28 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The company’s 50 day simple moving average is $137.42 and its 200 day simple moving average 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 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 released its earnings results on Tuesday, October 29th. The construction company reported $1.81 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 business had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. During the same period in the previous year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share 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. Stockholders of record on Thursday, November 7th will be given a $0.308 dividend. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 7th. Armstrong World Industries’s dividend payout ratio (DPR) 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.