Nisa Investment Advisors LLC Purchases 26,554 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Nisa Investment Advisors LLC grew its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 14,353.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,739 shares of the construction company's stock after purchasing an additional 26,554 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of Armstrong World Industries worth $3,767,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AWI. Golden State Wealth Management LLC raised its holdings in 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 acquiring an additional 140 shares in the last quarter. Twin Tree Management LP bought a new stake in Armstrong World Industries during the fourth quarter worth about $43,000. MassMutual Private Wealth & Trust FSB raised its holdings in 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 acquiring an additional 287 shares in the last quarter. Versant Capital Management Inc bought a new stake in Armstrong World Industries during the first quarter worth about $54,000. Finally, Farther Finance Advisors LLC raised its holdings in 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 acquiring an additional 202 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AWI has been the topic of several analyst reports. JPMorgan Chase & Co. assumed coverage on Armstrong World Industries in a report on Tuesday, June 24th. They set an "overweight" rating and a $200.00 target price on the stock. Bank of America upped their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Loop Capital dropped their price objective 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $162.88.

Armstrong World Industries Stock Performance

NYSE:AWI traded down $0.69 on Monday, hitting $167.37. The company's stock had a trading volume of 14,784 shares, compared to its average volume of 301,103. The firm has a market capitalization of $7.27 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. The company has a current ratio of 1.60, a quick ratio of 1.10 and a debt-to-equity ratio of 0.67. Armstrong World Industries, Inc. has a one year low of $117.92 and a one year high of $170.85. The stock has a fifty day moving average of $157.44 and a two-hundred day moving average of $148.68.

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

Armstrong World Industries Dividend Announcement

The company also recently announced 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 0.74%. Armstrong World Industries's dividend payout ratio (DPR) 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.