Squarepoint Ops LLC Increases Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Squarepoint Ops LLC raised its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 171.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,951 shares of the construction company’s stock after buying an additional 79,475 shares during the period. Squarepoint Ops LLC owned about 0.29% of Armstrong World Industries worth $14,263,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Armstrong World Industries by 41.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company’s stock valued at $35,000 after buying an additional 89 shares during the period. CWM LLC lifted its position 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 worth $73,000 after purchasing an additional 95 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Armstrong World Industries by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the construction company’s stock worth $2,491,000 after purchasing an additional 100 shares during the period. Covestor Ltd lifted its position in shares of Armstrong World Industries by 20.4% in the 1st quarter. Covestor Ltd now owns 596 shares of the construction company’s stock worth $74,000 after purchasing an additional 101 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Armstrong World Industries by 67.3% in the 1st quarter. UMB Bank n.a. now owns 261 shares of the construction company’s stock worth $32,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

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

Armstrong World Industries Trading Up 0.5 %

Shares of NYSE AWI opened at $131.05 on Friday. Armstrong World Industries, Inc. has a 1 year low of $68.35 and a 1 year high of $134.90. The stock has a market cap of $5.73 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14. The firm has a 50-day moving average of $125.60 and a 200 day moving average of $120.01. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.76 and a quick ratio of 1.19.

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

Armstrong World Industries Dividend Announcement

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