Armstrong World Industries, Inc. (NYSE:AWI) Stock Position Raised by Owls Nest Partners IA LLC

Owls Nest Partners IA LLC boosted its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 24.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 192,500 shares of the construction company’s stock after purchasing an additional 37,500 shares during the quarter. Armstrong World Industries makes up approximately 9.5% of Owls Nest Partners IA LLC’s portfolio, making the stock its 5th biggest holding. Owls Nest Partners IA LLC’s holdings in Armstrong World Industries were worth $20,648,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. OLD Mission Capital LLC purchased a new stake in Armstrong World Industries during the 2nd quarter worth approximately $662,000. Kore Private Wealth LLC acquired a new position in shares of Armstrong World Industries in the 2nd quarter worth approximately $322,000. Johnson Investment Counsel Inc. acquired a new position in shares of Armstrong World Industries in the 2nd quarter worth approximately $231,000. Stifel Financial Corp grew its position in shares of Armstrong World Industries by 5.3% in the 2nd quarter. Stifel Financial Corp now owns 88,454 shares of the construction company’s stock worth $9,488,000 after acquiring an additional 4,470 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Armstrong World Industries by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 566,058 shares of the construction company’s stock worth $60,715,000 after acquiring an additional 9,340 shares in the last quarter.

In other Armstrong World Industries news, SVP Charles M. Chiappone sold 12,500 shares of Armstrong World Industries stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $99.98, for a total transaction of $1,249,750.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

NYSE:AWI traded up $0.72 during midday trading on Thursday, reaching $95.93. 2,431 shares of the company traded hands, compared to its average volume of 290,855. Armstrong World Industries, Inc. has a twelve month low of $57.96 and a twelve month high of $113.83. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 27.36 and a beta of 1.17. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.79 and a quick ratio of 1.32. The company has a fifty day moving average price of $102.15 and a 200 day moving average price of $103.12.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, July 26th. The construction company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. The firm had revenue of $280.00 million for the quarter, compared to the consensus estimate of $272.23 million. Armstrong World Industries had a return on equity of 39.56% and a net margin of 16.45%. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. On average, equities research analysts forecast that Armstrong World Industries, Inc. will post 4.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 19th. Shareholders of record on Thursday, August 5th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.88%. The ex-dividend date was Wednesday, August 4th. Armstrong World Industries’s payout ratio is currently 23.14%.

Several brokerages have recently commented on AWI. Zelman & Associates upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 24th. Zacks Investment Research lowered Armstrong World Industries from a “strong-buy” rating to a “hold” rating and set a $107.00 target price for the company. in a research report on Tuesday, September 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Armstrong World Industries has a consensus rating of “Hold” and a consensus price target of $93.11.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc engages in the design, manufacture, and trade of commercial and residential ceiling, wall, and suspension system solutions. It operates through the following segments: Mineral Fiber, Architectural Specialties and Unallocated Corporate. Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings.

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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