CenterBook Partners LP Boosts Stake in Armstrong World Industries, Inc. (NYSE:AWI)

CenterBook Partners LP raised its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 63.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,110 shares of the construction company's stock after acquiring an additional 2,753 shares during the quarter. CenterBook Partners LP's holdings in Armstrong World Industries were worth $1,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AWI. Golden State Wealth Management LLC boosted its position in shares of 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 buying an additional 140 shares during the period. Twin Tree Management LP acquired a new stake in shares of Armstrong World Industries during the fourth quarter worth about $43,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Armstrong World Industries by 652.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock worth $47,000 after purchasing an additional 287 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Armstrong World Industries during the first quarter worth about $54,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Armstrong World Industries by 90.2% during the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock traded down $1.65 during trading on Friday, hitting $165.19. 262,873 shares of the company were exchanged, compared to its average volume of 274,917. The firm has a 50 day moving average price of $158.70 and a 200 day moving average price of $149.24. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 2.06 and a beta of 1.37. Armstrong World Industries, Inc. has a fifty-two week low of $117.92 and a fifty-two week high of $170.86.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.11. The company had revenue of $382.70 million during the quarter, compared to the consensus estimate of $370.71 million. Armstrong World Industries had a return on equity of 39.37% and a net margin of 18.25%. Armstrong World Industries's revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. On average, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.75%. Armstrong World Industries's dividend payout ratio is presently 19.68%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price objective on the stock. Loop Capital decreased their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Bank of America boosted their price target on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Armstrong World Industries presently has an average rating of "Hold" and a consensus target price of $162.88.

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.