Assenagon Asset Management S.A. Has $3.85 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Assenagon Asset Management S.A. boosted its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 1,097.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 31,026 shares of the construction company's stock after acquiring an additional 28,434 shares during the period. Assenagon Asset Management S.A. owned 0.07% of Armstrong World Industries worth $3,854,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Armstrong World Industries by 56.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,586,551 shares of the construction company's stock worth $155,991,000 after purchasing an additional 569,824 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Armstrong World Industries by 12.2% during the fourth quarter. Vanguard Group Inc. now owns 4,763,167 shares of the construction company's stock worth $468,315,000 after purchasing an additional 517,699 shares in the last quarter. Norges Bank bought a new position in shares of Armstrong World Industries during the fourth quarter worth $42,297,000. FMR LLC boosted its position in shares of Armstrong World Industries by 25.9% during the third quarter. FMR LLC now owns 1,625,940 shares of the construction company's stock worth $117,068,000 after purchasing an additional 334,065 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Armstrong World Industries during the first quarter worth $39,183,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Thursday, March 28th. Evercore ISI boosted their price objective on shares of Armstrong World Industries from $117.00 to $119.00 and gave the company an "in-line" rating in a research report on Wednesday, May 1st. UBS Group boosted their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a "neutral" rating in a research report on Wednesday, May 1st. The Goldman Sachs Group boosted their price objective on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. Finally, Truist Financial boosted their price objective on shares of Armstrong World Industries from $95.00 to $131.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $110.17.

Armstrong World Industries Stock Up 0.8 %

NYSE:AWI traded up $0.88 on Monday, hitting $114.75. 150,398 shares of the company's stock were exchanged, compared to its average volume of 354,310. The firm has a 50-day moving average price of $118.79 and a 200-day moving average price of $105.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.22. Armstrong World Industries, Inc. has a 52 week low of $62.03 and a 52 week high of $125.56. The company has a market cap of $5.02 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 1.71 and a beta of 1.12.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.23 by $0.15. The firm had revenue of $326.30 million for the quarter, compared to analysts' expectations of $319.44 million. Armstrong World Industries had a net margin of 18.03% and a return on equity of 41.81%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 EPS. As a group, analysts expect that Armstrong World Industries, Inc. will post 5.89 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. Armstrong World Industries's dividend payout ratio is presently 21.05%.

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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