3,305 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. acquired a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,305 shares of the construction company's stock, valued at approximately $467,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC increased its holdings in Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company's stock worth $32,000 after buying an additional 170 shares during the last quarter. Twin Tree Management LP acquired a new position in Armstrong World Industries in the fourth quarter worth approximately $43,000. Farther Finance Advisors LLC increased its holdings in Armstrong World Industries by 90.2% in 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. Smartleaf Asset Management LLC increased its holdings in Armstrong World Industries by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock worth $80,000 after buying an additional 376 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Armstrong World Industries in the fourth quarter worth approximately $114,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

Shares of AWI traded down $0.79 during mid-day trading on Friday, hitting $154.40. The company's stock had a trading volume of 175,885 shares, compared to its average volume of 275,741. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market capitalization of $6.71 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The stock's 50-day moving average is $143.10 and its two-hundred day moving average is $147.66.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data 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. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $382.70 million during the quarter, compared to analysts' expectations of $370.71 million. During the same period in the prior year, the business earned $1.38 earnings per share. Armstrong World Industries's revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a $0.308 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries's dividend payout ratio is 19.68%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Loop Capital lowered their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group increased their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a report on Friday, February 28th. Bank of America increased their price target on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, UBS Group increased their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $157.57.

Armstrong World Industries Company 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.