nVerses Capital LLC Acquires Shares of 1,300 Armstrong World Industries, Inc. (NYSE:AWI)

nVerses Capital LLC bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,300 shares of the construction company’s stock, valued at approximately $171,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AWI. Vanguard Group Inc. increased its position in shares of Armstrong World Industries by 12.2% during the fourth quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company’s stock worth $468,315,000 after acquiring an additional 517,699 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in Armstrong World Industries by 1,369.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company’s stock valued at $27,872,000 after buying an additional 229,378 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Armstrong World Industries by 46.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company’s stock valued at $52,155,000 after acquiring an additional 145,133 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Armstrong World Industries by 35.0% during the 2nd quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company’s stock worth $48,049,000 after acquiring an additional 110,111 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Armstrong World Industries by 171.0% in the 2nd quarter. Squarepoint Ops LLC now owns 125,951 shares of the construction company’s stock worth $14,263,000 after acquiring an additional 79,475 shares in the last quarter. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $141.03 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The stock has a fifty day simple moving average of $128.53 and a two-hundred day simple moving average of $121.36. Armstrong World Industries, Inc. has a 1-year low of $68.35 and a 1-year high of $142.33. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results 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 return on equity of 41.53% and a net margin of 17.92%. The company 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 earned $1.38 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Armstrong World Industries, Inc. will post 6.07 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, August 8th. Armstrong World Industries’s payout ratio is currently 21.05%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AWI. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Truist Financial lifted 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. Evercore ISI upped their target price on Armstrong World Industries from $119.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, July 31st. Jefferies Financial Group lifted their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, UBS Group upped their price objective 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Armstrong World Industries presently has an average rating of “Moderate Buy” and an average price target of $133.00.

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.