Callan Family Office LLC Has $826,000 Stock Holdings in Armstrong World Industries, Inc. $AWI

Key Points

• Callan Family Office LLC increased its holdings in Armstrong World Industries by 257% in the second quarter, owning 5,084 shares valued at $826,000, according to its latest SEC filing.
• Several institutional investors, including UBS and Invesco, also significantly boosted their stakes in Armstrong World Industries during the first quarter, indicating strong institutional interest in the company.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Armstrong World Industries, with a price target averaging $197.14, reflecting optimism about the company’s future performance.

Callan Family Office LLC grew its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 257.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,084 shares of the construction company's stock after purchasing an additional 3,660 shares during the period. Callan Family Office LLC's holdings in Armstrong World Industries were worth $826,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AWI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Armstrong World Industries by 131.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company's stock valued at $62,060,000 after purchasing an additional 250,133 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Armstrong World Industries by 34.0% in the 1st quarter. Invesco Ltd. now owns 680,622 shares of the construction company's stock valued at $95,886,000 after purchasing an additional 172,779 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Armstrong World Industries in the 1st quarter valued at $23,449,000. Global Alpha Capital Management Ltd. bought a new position in shares of Armstrong World Industries in the first quarter valued at about $21,301,000. Finally, AQR Capital Management LLC raised its holdings in shares of Armstrong World Industries by 91.7% in the first quarter. AQR Capital Management LLC now owns 248,363 shares of the construction company's stock valued at $34,296,000 after buying an additional 118,830 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AWI. UBS Group reaffirmed a "neutral" rating and issued a $178.00 price target (up from $158.00) on shares of Armstrong World Industries in a report on Wednesday, July 30th. Wall Street Zen cut Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Saturday, September 20th. Loop Capital set a $190.00 price target on Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. began coverage on Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target for the company. Finally, Bank of America lifted their price target on Armstrong World Industries from $205.00 to $220.00 and gave the company a "buy" rating in a report on Monday, October 6th. Five 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $197.14.

Armstrong World Industries Stock Performance

Shares of NYSE:AWI opened at $195.83 on Tuesday. The stock has a market capitalization of $8.47 billion, a P/E ratio of 28.97, a P/E/G ratio of 1.94 and a beta of 1.45. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $201.72. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $195.09 and a two-hundred day moving average price of $168.40.

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

Armstrong World Industries Dividend Announcement

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

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.

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