Lecap Asset Management Ltd. Boosts Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Lecap Asset Management Ltd. grew its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 178.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,603 shares of the construction company's stock after purchasing an additional 7,437 shares during the period. Lecap Asset Management Ltd.'s holdings in Armstrong World Industries were worth $1,635,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Twin Tree Management LP acquired a new stake in shares of Armstrong World Industries in the fourth quarter worth approximately $43,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Armstrong World Industries by 652.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock worth $47,000 after acquiring an additional 287 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Armstrong World Industries in the first quarter worth approximately $54,000. Farther Finance Advisors LLC boosted its position in shares of 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 acquiring an additional 202 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of 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 acquiring an additional 376 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on AWI. Loop Capital decreased their target price on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Bank of America raised their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, 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 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Armstrong World Industries presently has a consensus rating of "Hold" and an average target price of $162.88.

Armstrong World Industries Trading Up 1.5%

AWI stock traded up $2.34 during midday trading on Friday, reaching $162.92. 598,375 shares of the company's stock traded hands, compared to its average volume of 275,881. The company has a market capitalization of $7.08 billion, a P/E ratio of 26.07, a PEG ratio of 2.05 and a beta of 1.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.60 and a quick ratio of 1.10. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $169.32. The business has a 50-day moving average price of $152.04 and a two-hundred day moving average price of $147.24.

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

Armstrong World Industries Dividend Announcement

The company 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 was Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.76%. Armstrong World Industries's dividend payout ratio is currently 19.68%.

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.