CenterBook Partners LP Cuts Stake in Armstrong World Industries, Inc. $AWI

CenterBook Partners LP cut its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 42.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,588 shares of the construction company’s stock after selling 4,150 shares during the period. CenterBook Partners LP’s holdings in Armstrong World Industries were worth $1,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Armstrong World Industries in the 3rd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Armstrong World Industries in the 2nd quarter worth $32,000. Bessemer Group Inc. boosted its holdings in Armstrong World Industries by 70.0% in the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock valued at $44,000 after acquiring an additional 91 shares during the last quarter. SJS Investment Consulting Inc. grew its position in Armstrong World Industries by 4,860.0% during the third quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock valued at $49,000 after acquiring an additional 243 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Armstrong World Industries during the second quarter worth about $46,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AWI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, UBS Group raised their target price on shares of Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $199.03 on Friday. The firm has a fifty day simple moving average of $192.74 and a 200-day simple moving average of $192.82. The company has a market capitalization of $8.58 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. Armstrong World Industries, Inc. has a twelve month low of $122.37 and a twelve month high of $206.08. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.339 per share. The ex-dividend date is Thursday, March 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 19.46%.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.