Rhumbline Advisers Has $16.47 Million Stake in Armstrong World Industries, Inc. $AWI

Rhumbline Advisers decreased its position in Armstrong World Industries, Inc. (NYSE:AWI) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,398 shares of the construction company’s stock after selling 1,432 shares during the quarter. Rhumbline Advisers owned about 0.23% of Armstrong World Industries worth $16,471,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MAI Capital Management acquired a new stake in Armstrong World Industries in the second quarter valued at approximately $47,000. Parallel Advisors LLC raised its holdings in shares of Armstrong World Industries by 28.9% during the 2nd quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock valued at $75,000 after purchasing an additional 103 shares in the last quarter. Covestor Ltd lifted its stake in shares of Armstrong World Industries by 40.5% in the 1st quarter. Covestor Ltd now owns 590 shares of the construction company’s stock valued at $83,000 after purchasing an additional 170 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Armstrong World Industries in the first quarter worth $91,000. Finally, Allworth Financial LP boosted its holdings in Armstrong World Industries by 32.5% in the second quarter. Allworth Financial LP now owns 620 shares of the construction company’s stock worth $101,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

NYSE AWI opened at $189.74 on Friday. The stock has a 50-day simple moving average of $192.89 and a 200 day simple moving average of $180.59. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The stock has a market capitalization of $8.18 billion, a PE ratio of 27.14, a P/E/G ratio of 1.87 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.52.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.The company had revenue of $325.00 million for the quarter. Research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were issued a $0.339 dividend. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. Armstrong World Industries’s payout ratio is currently 19.31%.

Wall Street Analysts Forecast Growth

AWI has been the topic of several recent research reports. Vertical Research initiated coverage on Armstrong World Industries in a report on Monday, October 20th. They set a “buy” rating and a $238.00 target price on the stock. Wall Street Zen lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. Truist Financial boosted their target price on Armstrong World Industries from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, Bank of America increased their price target on Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.50.

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.