Quantinno Capital Management LP Has $2.04 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

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

Several other institutional investors and hedge funds also recently made changes to their positions in AWI. Quent Capital LLC grew its position in shares of Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after purchasing an additional 170 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Armstrong World Industries in the fourth quarter valued at approximately $43,000. Farther Finance Advisors LLC grew 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 valued at $60,000 after purchasing an additional 202 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Armstrong World Industries by 196.9% during 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 in the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in Armstrong World Industries during the fourth quarter worth approximately $114,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Analysts Set New Price Targets

AWI has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Loop Capital reduced their price target on 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. Truist Financial increased their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research 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 stock a "neutral" rating in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Armstrong World Industries presently has a consensus rating of "Hold" and a consensus target price of $157.57.

Armstrong World Industries Price Performance

Shares of AWI stock traded up $3.27 during trading hours on Tuesday, reaching $157.70. The company's stock had a trading volume of 196,154 shares, compared to its average volume of 275,881. The firm's 50 day simple moving average is $143.66 and its 200-day simple moving average is $147.66. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its 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 the consensus estimate of $370.71 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company's revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. Sell-side 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 announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 8th. Armstrong World Industries's dividend payout ratio is presently 19.68%.

About Armstrong World Industries

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.