Xponance Inc. Purchases 165 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Xponance Inc. lifted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,924 shares of the construction company’s stock after acquiring an additional 165 shares during the quarter. Xponance Inc.’s holdings in Armstrong World Industries were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AWI. Allspring Global Investments Holdings LLC bought a new stake in shares of Armstrong World Industries during the first quarter worth $27,000. UMB Bank n.a. grew its stake in shares of Armstrong World Industries by 67.3% during the first 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. YHB Investment Advisors Inc. acquired a new stake in shares of Armstrong World Industries during the first quarter worth $52,000. First Horizon Advisors Inc. grew its stake 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 worth $57,000 after purchasing an additional 125 shares during the period. Finally, CWM LLC grew its stake in shares of Armstrong World Industries by 17.3% during the second 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. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 1.9 %

AWI stock opened at $133.99 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.76 and a quick ratio of 1.19. The stock has a market capitalization of $5.86 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.88 and a beta of 1.14. The business has a 50-day moving average of $125.76 and a 200-day moving average of $120.14. Armstrong World Industries, Inc. has a fifty-two week low of $68.35 and a fifty-two week high of $134.90.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.07. Armstrong World Industries had a return on equity of 41.53% and a net margin of 17.92%. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $360.36 million. During the same quarter in the prior year, the company posted $1.38 earnings per share. Armstrong World Industries’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.07 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.12 annualized dividend and a yield of 0.84%. Armstrong World Industries’s dividend payout ratio is 21.05%.

Analysts Set New Price Targets

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

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.