Cwm LLC Boosts Stake in Armstrong World Industries, Inc. $AWI

Key Points

• Cwm LLC raised its stake in Armstrong World Industries by 183.4% during Q2, holding 15,524 shares valued at approximately $2.52 million as of the latest SEC filing.
• Several institutional investors have significantly increased their positions in Armstrong World Industries, with 98.93% of the company's stock owned by such investors.
• Analysts have a consensus rating of "Moderate Buy" for Armstrong World Industries, with a target price averaging $197.14.

Cwm LLC raised its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 183.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,524 shares of the construction company's stock after purchasing an additional 10,046 shares during the quarter. Cwm LLC's holdings in Armstrong World Industries were worth $2,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AWI. GAMMA Investing LLC raised its position in Armstrong World Industries by 9.2% in the first quarter. GAMMA Investing LLC now owns 2,008 shares of the construction company's stock valued at $283,000 after purchasing an additional 169 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Armstrong World Industries by 113.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,773 shares of the construction company's stock valued at $672,000 after purchasing an additional 2,538 shares during the period. Lecap Asset Management Ltd. grew its stake in shares of Armstrong World Industries by 178.5% in the first quarter. Lecap Asset Management Ltd. now owns 11,603 shares of the construction company's stock valued at $1,635,000 after buying an additional 7,437 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Armstrong World Industries by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after buying an additional 140 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Armstrong World Industries in the first quarter valued at $892,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AWI shares. JPMorgan Chase & Co. started coverage on Armstrong World Industries in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price objective for the company. Bank of America lifted their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the company a "buy" rating in a research note on Monday, October 6th. Truist Financial lifted their price objective on Armstrong World Industries from $195.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Loop Capital set a $190.00 price target on Armstrong World Industries and gave the stock a "hold" rating in a report on Wednesday, July 30th. Finally, Evercore ISI upped their price target on Armstrong World Industries from $157.00 to $182.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $197.14.

Armstrong World Industries Stock Up 0.7%

Shares of NYSE AWI opened at $199.40 on Friday. The stock has a market cap of $8.63 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.99 and a beta of 1.45. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.59. Armstrong World Industries, Inc. has a 52-week low of $122.37 and a 52-week high of $202.07. The business has a 50-day moving average price of $195.90 and a 200 day moving average price of $169.81.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) 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 research analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

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