Y Intercept Hong Kong Ltd Acquires 3,260 Shares of Armstrong World Industries, Inc. $AWI

Y Intercept Hong Kong Ltd grew its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 121.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,941 shares of the construction company’s stock after buying an additional 3,260 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Armstrong World Industries were worth $965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AWI. Nisa Investment Advisors LLC grew its stake in Armstrong World Industries by 10.6% during the second quarter. Nisa Investment Advisors LLC now owns 29,574 shares of the construction company’s stock worth $4,804,000 after purchasing an additional 2,835 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in Armstrong World Industries during the second quarter worth approximately $486,000. Brighton Jones LLC acquired a new stake in Armstrong World Industries during the second quarter worth approximately $451,000. MQS Management LLC acquired a new stake in Armstrong World Industries during the second quarter worth approximately $720,000. Finally, Focus Partners Advisor Solutions LLC lifted its position in shares of Armstrong World Industries by 120.3% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 3,500 shares of the construction company’s stock valued at $568,000 after acquiring an additional 1,911 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Shares of AWI opened at $189.81 on Wednesday. The firm has a market cap of $8.19 billion, a PE ratio of 27.15, a PEG ratio of 1.87 and a beta of 1.45. The stock’s fifty day moving average price is $196.51 and its two-hundred day moving average price is $175.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $206.08.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. The company had revenue of $325.00 million for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%. On average, equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be given a $0.339 dividend. The ex-dividend date is Thursday, November 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s dividend payout ratio is 19.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group raised their price objective on Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. Zacks Research cut Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Finally, Bank of America raised their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $207.50.

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.