Bare Financial Services Inc Increases Stock Position in Armstrong World Industries, Inc. $AWI

Bare Financial Services Inc increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 1,789.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 359 shares of the construction company’s stock after purchasing an additional 340 shares during the period. Bare Financial Services Inc’s holdings in Armstrong World Industries were worth $58,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AWI. MAI Capital Management purchased a new stake in Armstrong World Industries during the second quarter worth $47,000. Employees Retirement System of Texas purchased a new position in shares of Armstrong World Industries in the 2nd quarter valued at $58,000. Parallel Advisors LLC raised its position in shares of Armstrong World Industries by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock worth $75,000 after acquiring an additional 103 shares in the last quarter. Covestor Ltd lifted its stake in shares of Armstrong World Industries by 40.5% during the 1st quarter. Covestor Ltd now owns 590 shares of the construction company’s stock worth $83,000 after purchasing an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Armstrong World Industries during the 1st quarter worth $91,000. Institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Truist Financial lifted their target price on Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wall Street Zen cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Vertical Research assumed coverage on shares of Armstrong World Industries in a research report on Monday, October 20th. They issued a “buy” rating and a $238.00 price objective on the stock. Zacks Research cut shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.50.

Armstrong World Industries Trading Down 0.6%

NYSE:AWI opened at $189.74 on Monday. The company has a market capitalization of $8.18 billion, a P/E ratio of 27.14, a PEG ratio of 1.87 and a beta of 1.41. The company has a current ratio of 1.52, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. Armstrong World Industries, Inc. has a 12 month low of $122.37 and a 12 month high of $206.08. The firm has a fifty day simple moving average of $192.89 and a 200-day simple moving average of $180.91.

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

Armstrong World Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were paid a $0.339 dividend. The ex-dividend date was Thursday, November 6th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. Armstrong World Industries’s dividend payout ratio (DPR) is 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.