DekaBank Deutsche Girozentrale Takes $129,000 Position in Armstrong World Industries, Inc. (NYSE:AWI)

DekaBank Deutsche Girozentrale acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,145 shares of the construction company’s stock, valued at approximately $129,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Armstrong World Industries during the first quarter valued at $27,000. UMB Bank n.a. raised its holdings in Armstrong World Industries by 67.3% in the first quarter. UMB Bank n.a. now owns 261 shares of the construction company’s stock worth $32,000 after buying an additional 105 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Armstrong World Industries in the first quarter worth approximately $52,000. First Horizon Advisors Inc. increased its position in shares of Armstrong World Industries by 33.0% during the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock valued at $57,000 after acquiring an additional 125 shares in the last quarter. Finally, CWM LLC raised its holdings in Armstrong World Industries by 17.3% in the 2nd quarter. CWM LLC now owns 644 shares of the construction company’s stock worth $73,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on AWI shares. Evercore ISI lifted their target price on Armstrong World Industries from $119.00 to $127.00 and gave the stock an “in-line” rating in a report on Wednesday, July 31st. Truist Financial boosted their target price on Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. UBS Group raised their price target on shares of Armstrong World Industries from $122.00 to $136.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.75.

Armstrong World Industries Stock Down 0.4 %

AWI stock opened at $131.30 on Friday. The business’s 50-day moving average is $124.53 and its two-hundred day moving average is $119.66. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 1.73 and a beta of 1.14. Armstrong World Industries, Inc. has a fifty-two week low of $68.35 and a fifty-two week high of $134.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.76.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.07. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The company had revenue of $365.10 million during the quarter, compared to analyst estimates of $360.36 million. During the same period in the previous year, the business posted $1.38 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts forecast that Armstrong World Industries, Inc. will post 6.07 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.85%. Armstrong World Industries’s payout ratio is currently 21.05%.

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.