Verition Fund Management LLC Buys 13,754 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Verition Fund Management LLC raised its stake in Armstrong World Industries, Inc. (NYSE:AWIGet Rating) by 265.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,939 shares of the construction company’s stock after purchasing an additional 13,754 shares during the quarter. Verition Fund Management LLC’s holdings in Armstrong World Industries were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cantillon Capital Management LLC raised its holdings in shares of Armstrong World Industries by 47.6% during the first quarter. Cantillon Capital Management LLC now owns 1,785,922 shares of the construction company’s stock valued at $160,750,000 after acquiring an additional 575,715 shares in the last quarter. Gates Capital Management Inc. raised its holdings in shares of Armstrong World Industries by 39.8% during the first quarter. Gates Capital Management Inc. now owns 1,244,821 shares of the construction company’s stock valued at $112,046,000 after acquiring an additional 354,499 shares in the last quarter. Cooke & Bieler LP raised its holdings in shares of Armstrong World Industries by 29.7% during the first quarter. Cooke & Bieler LP now owns 1,331,092 shares of the construction company’s stock valued at $119,812,000 after acquiring an additional 304,922 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Armstrong World Industries by 3,174.5% during the first quarter. Prudential Financial Inc. now owns 293,425 shares of the construction company’s stock valued at $26,411,000 after acquiring an additional 284,464 shares in the last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of Armstrong World Industries by 23.3% during the first quarter. River Road Asset Management LLC now owns 1,441,119 shares of the construction company’s stock valued at $129,715,000 after acquiring an additional 271,878 shares in the last quarter.

Armstrong World Industries Stock Up 1.1 %

NYSE AWI opened at $84.43 on Tuesday. The stock’s 50-day moving average price is $86.33 and its 200-day moving average price is $85.70. The company has a quick ratio of 1.14, a current ratio of 1.66 and a debt-to-equity ratio of 1.25. Armstrong World Industries, Inc. has a 52 week low of $73.25 and a 52 week high of $118.14. The company has a market capitalization of $3.92 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.35 and a beta of 1.23.

Armstrong World Industries (NYSE:AWIGet Rating) last released its earnings results on Tuesday, July 26th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.09). Armstrong World Industries had a return on equity of 41.11% and a net margin of 16.07%. The business had revenue of $321.00 million for the quarter, compared to analysts’ expectations of $317.19 million. During the same quarter in the prior year, the business posted $1.16 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, equities research analysts predict that Armstrong World Industries, Inc. will post 5.15 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were given a dividend of $0.231 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, August 3rd. Armstrong World Industries’s dividend payout ratio is currently 23.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AWI. UBS Group reduced their price target on Armstrong World Industries from $86.00 to $82.00 and set a “sell” rating on the stock in a research note on Wednesday, July 27th. The Goldman Sachs Group raised Armstrong World Industries from a “neutral” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Wednesday, July 13th. Loop Capital raised Armstrong World Industries from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Wednesday, June 15th. They noted that the move was a valuation call. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Armstrong World Industries in a research note on Wednesday, August 17th. They issued a “buy” rating and a $125.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.80.

Armstrong World Industries Profile

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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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