AXQ Capital LP Acquires Shares of 1,616 Armstrong World Industries, Inc. $AWI

AXQ Capital LP bought a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,616 shares of the construction company’s stock, valued at approximately $263,000.

Several other large investors have also added to or reduced their stakes in AWI. MAI Capital Management acquired a new position in Armstrong World Industries during the 2nd quarter valued at about $47,000. Parallel Advisors LLC lifted its holdings in shares of Armstrong World Industries by 28.9% in the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock valued at $75,000 after purchasing an additional 103 shares in the last quarter. Covestor Ltd boosted its position in shares of Armstrong World Industries by 40.5% during the first quarter. Covestor Ltd now owns 590 shares of the construction company’s stock valued at $83,000 after buying an additional 170 shares during the last quarter. Allworth Financial LP boosted its position in shares of Armstrong World Industries by 32.5% during the second quarter. Allworth Financial LP now owns 620 shares of the construction company’s stock valued at $101,000 after buying an additional 152 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Armstrong World Industries during the first quarter worth $91,000. Institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Vertical Research initiated coverage on shares of Armstrong World Industries in a report on Monday, October 20th. They issued a “buy” rating and a $238.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Trading Up 1.3%

Shares of Armstrong World Industries stock opened at $185.20 on Tuesday. The stock has a market capitalization of $7.99 billion, a P/E ratio of 26.49, a P/E/G ratio of 1.87 and a beta of 1.41. Armstrong World Industries, Inc. has a 52-week low of $122.37 and a 52-week high of $206.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.52. The stock’s 50-day simple moving average is $193.31 and its 200 day simple moving average is $179.94.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share for the quarter. The firm had revenue of $325.00 million during the quarter. Armstrong World Industries had a net margin of 19.08% and a return on equity of 38.97%. As a group, research analysts anticipate 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 was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were paid a $0.339 dividend. The ex-dividend date was Thursday, November 6th. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.31%.

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.