R Squared Ltd Has $543,000 Stock Holdings in Armstrong World Industries, Inc. $AWI

Key Points

• R Squared Ltd increased its holdings in Armstrong World Industries, Inc. by 101.4% in Q2, owning a total of 3,343 shares worth approximately $543,000.
• Analysts have set various price targets for the stock, with a consensus target of $202.25 and ratings ranging from "Strong Buy" to "Hold".
• Armstrong World Industries recently announced an increase in its quarterly dividend to $0.339, boosting the annualized dividend yield to 0.7%.

R Squared Ltd lifted its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 101.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,343 shares of the construction company's stock after buying an additional 1,683 shares during the quarter. R Squared Ltd's holdings in Armstrong World Industries were worth $543,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Golden State Wealth Management LLC raised its holdings in Armstrong World Industries by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the construction company's stock valued at $39,000 after acquiring an additional 140 shares during the period. Parallel Advisors LLC raised its position in shares of Armstrong World Industries by 28.9% in the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company's stock valued at $75,000 after buying an additional 103 shares in the last quarter. Covestor Ltd boosted its stake in shares of Armstrong World Industries by 40.5% in the first quarter. Covestor Ltd now owns 590 shares of the construction company's stock valued at $83,000 after buying an additional 170 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Armstrong World Industries during the 1st quarter worth $91,000. Finally, Archer Investment Corp bought a new stake in shares of Armstrong World Industries during the 1st quarter valued at $113,000. 98.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Loop Capital set a $190.00 price target on Armstrong World Industries and gave the company a "hold" rating in a research note on Wednesday, July 30th. Bank of America boosted their price objective on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Vertical Research started coverage on Armstrong World Industries in a report on Monday. They issued a "buy" rating and a $238.00 target price on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Armstrong World Industries in a research note on Wednesday, October 8th. Finally, Evercore ISI raised their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Armstrong World Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.25.

Armstrong World Industries Stock Performance

NYSE:AWI opened at $203.14 on Friday. The stock's 50-day moving average is $196.59 and its 200-day moving average is $171.51. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. Armstrong World Industries, Inc. has a 1-year low of $122.37 and a 1-year high of $205.97. The stock has a market cap of $8.79 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 2.02 and a beta of 1.45.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. The firm had revenue of $325.00 million during the quarter. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. Equities research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a $0.339 dividend. The ex-dividend date is Thursday, November 6th. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 0.7%. Armstrong World Industries's dividend payout ratio (DPR) is currently 18.20%.

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.

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