Armstrong World Industries, Inc. (NYSE:AWI) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 31.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,775 shares of the construction company’s stock after acquiring an additional 3,557 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Armstrong World Industries were worth $1,673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised 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 worth $35,000 after buying an additional 89 shares during the last quarter. CWM LLC boosted its holdings in shares of Armstrong World Industries by 17.3% during 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 last quarter. Louisiana State Employees Retirement System grew its holdings in 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 valued at $2,491,000 after buying an additional 100 shares in the last quarter. Covestor Ltd boosted its holdings in Armstrong World Industries by 20.4% in the 1st quarter. Covestor Ltd now owns 596 shares of the construction company’s stock valued at $74,000 after purchasing an additional 101 shares during the last quarter. Finally, UMB Bank n.a. grew its position 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 acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

AWI has been the subject of several research reports. UBS Group lifted their target price 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. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Truist Financial boosted their price target on Armstrong World Industries from $131.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI boosted their price target on shares of 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.75.

Armstrong World Industries Stock Performance

Shares of AWI opened at $134.73 on Friday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.88 and a beta of 1.14. Armstrong World Industries, Inc. has a 52-week low of $68.35 and a 52-week high of $136.22. The business’s 50 day moving average is $126.03 and its two-hundred day moving average is $120.33. The company has a quick ratio of 1.19, a current ratio of 1.76 and a debt-to-equity ratio of 0.97.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, topping 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 business had revenue of $365.10 million during the quarter, compared to the consensus estimate of $360.36 million. During the same quarter in the prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Armstrong World Industries, Inc. will post 6.07 EPS 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. Investors of record on Thursday, August 8th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, August 8th. Armstrong World Industries’s dividend payout ratio is presently 21.05%.

Armstrong World Industries 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.