Allianz Asset Management GmbH Purchases 5,648 Shares of Armstrong World Industries, Inc. $AWI

Key Points

• Allianz Asset Management GmbH increased its stake in Armstrong World Industries by 3.2%, acquiring an additional 5,648 shares, bringing its total ownership to approximately 180,254 shares worth $29.28 million.
• Analysts have mixed views on Armstrong World Industries, with prices targeted between $182 and $230, and the stock currently holds an average rating of "Moderate Buy" with a consensus price target of $197.14.
• Armstrong World Industries has reported a quarterly earnings per share of $1.36, with a net margin of 18.95% and a predicted annual EPS of 6.18 for the current fiscal year.

Allianz Asset Management GmbH grew its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,254 shares of the construction company's stock after purchasing an additional 5,648 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.42% of Armstrong World Industries worth $29,280,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Armstrong World Industries by 9.2% during the first quarter. GAMMA Investing LLC now owns 2,008 shares of the construction company's stock worth $283,000 after acquiring an additional 169 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Armstrong World Industries by 113.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock worth $672,000 after acquiring an additional 2,538 shares during the period. Lecap Asset Management Ltd. increased its position in Armstrong World Industries by 178.5% during the first quarter. Lecap Asset Management Ltd. now owns 11,603 shares of the construction company's stock worth $1,635,000 after acquiring an additional 7,437 shares during the period. Golden State Wealth Management LLC increased its position in Armstrong World Industries by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock worth $39,000 after acquiring an additional 140 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in Armstrong World Industries during the first quarter worth $892,000. Institutional investors own 98.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AWI. JPMorgan Chase & Co. began coverage on shares of Armstrong World Industries in a research report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price on the stock. Evercore ISI boosted their target price on shares of Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Saturday, September 20th. Truist Financial boosted their target price on shares of Armstrong World Industries from $195.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Finally, Bank of America boosted their price target on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a "buy" rating in a report on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $197.14.

Armstrong World Industries Stock Up 0.7%

Shares of NYSE:AWI opened at $199.40 on Friday. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $202.07. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 1.61. The company's fifty day moving average is $195.90 and its 200-day moving average is $169.81. The company has a market capitalization of $8.63 billion, a PE ratio of 29.50, a P/E/G ratio of 1.99 and a beta of 1.45.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. The business had revenue of $325.00 million for the quarter. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. Equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.308 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.23 annualized dividend and a yield of 0.6%. Armstrong World Industries's dividend payout ratio is 18.20%.

About Armstrong World Industries

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.

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