JPMorgan Chase & Co. Has $6.44 Million Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

JPMorgan Chase & Co. decreased its position in Armstrong World Industries, Inc. (NYSE:AWI) by 29.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,997 shares of the construction company’s stock after selling 20,297 shares during the quarter. JPMorgan Chase & Co.’s holdings in Armstrong World Industries were worth $6,440,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AWI. Squarepoint Ops LLC boosted its stake in Armstrong World Industries by 171.0% in the 2nd quarter. Squarepoint Ops LLC now owns 125,951 shares of the construction company’s stock valued at $14,263,000 after purchasing an additional 79,475 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Armstrong World Industries by 27.8% in the second quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company’s stock valued at $35,385,000 after acquiring an additional 67,954 shares during the period. Natixis Advisors LLC boosted its position in shares of Armstrong World Industries by 16.0% in the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after acquiring an additional 67,798 shares during the period. State Street Corp grew its stake in shares of Armstrong World Industries by 3.7% in the third quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock valued at $191,119,000 after acquiring an additional 51,839 shares in the last quarter. Finally, Millennium Management LLC increased its position in Armstrong World Industries by 252.5% during the second quarter. Millennium Management LLC now owns 55,078 shares of the construction company’s stock worth $6,237,000 after acquiring an additional 39,452 shares during the period. Institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AWI. Evercore ISI boosted their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. UBS Group boosted their price target on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Loop Capital upped their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Stock Up 1.6 %

Shares of AWI opened at $148.11 on Thursday. The firm has a 50 day simple moving average of $150.85 and a two-hundred day simple moving average of $135.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a one year low of $96.69 and a one year high of $164.40. The company has a market cap of $6.46 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.01 and a beta of 1.18.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $386.60 million during the quarter, compared to analysts’ expectations of $386.69 million. During the same quarter in the previous year, the firm earned $1.60 EPS. Armstrong World Industries’s revenue was up 11.3% on a year-over-year basis. Research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.308 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. Armstrong World Industries’s dividend payout ratio is 21.69%.

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.