Quantinno Capital Management LP Purchases 4,936 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Quantinno Capital Management LP lifted its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 52.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,430 shares of the construction company's stock after acquiring an additional 4,936 shares during the quarter. Quantinno Capital Management LP's holdings in Armstrong World Industries were worth $2,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AWI. Vanguard Group Inc. boosted its position in Armstrong World Industries by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock valued at $656,922,000 after acquiring an additional 34,579 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Armstrong World Industries by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock worth $125,444,000 after purchasing an additional 35,738 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Armstrong World Industries by 140.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock valued at $94,126,000 after purchasing an additional 389,000 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Armstrong World Industries by 267.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock valued at $75,273,000 after purchasing an additional 387,537 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new position in Armstrong World Industries in the fourth quarter worth about $75,242,000. 98.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AWI has been the topic of a number of recent analyst reports. StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Bank of America lifted their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. UBS Group increased their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Loop Capital lowered their price objective on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Truist Financial upped their target price on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $157.57.

Armstrong World Industries Price Performance

NYSE AWI opened at $155.65 on Thursday. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.60 and a beta of 1.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The stock's fifty day moving average price is $142.56 and its 200 day moving average price is $147.53. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. During the same quarter in the previous year, the business earned $1.38 EPS. The company's quarterly revenue was up 17.3% compared to the same quarter last year. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is currently 19.68%.

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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