Tudor Investment Corp ET AL Invests $249,000 in Armstrong World Industries, Inc. (NYSE:AWI)

Tudor Investment Corp ET AL purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,764 shares of the construction company's stock, valued at approximately $249,000.

A number of other institutional investors also recently bought and sold shares of AWI. Vanguard Group Inc. boosted its position in Armstrong World Industries by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock worth $656,922,000 after purchasing an additional 34,579 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Armstrong World Industries by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock valued at $125,444,000 after acquiring an additional 35,738 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Armstrong World Industries by 140.4% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock worth $94,126,000 after acquiring an additional 389,000 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in Armstrong World Industries in the 4th quarter valued at $75,242,000. Finally, Natixis Advisors LLC lifted its holdings in Armstrong World Industries by 5.5% in the 4th quarter. Natixis Advisors LLC now owns 519,388 shares of the construction company's stock valued at $73,405,000 after purchasing an additional 27,275 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

Shares of NYSE AWI traded up $1.15 during mid-day trading on Thursday, hitting $158.48. 58,205 shares of the company were exchanged, compared to its average volume of 315,320. The stock has a 50 day simple moving average of $140.71 and a 200-day simple moving average of $146.87. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year 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. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS 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 during the quarter, compared to analysts' expectations of $370.71 million. During the same period last year, the firm earned $1.38 EPS. The company's quarterly revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is 19.68%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AWI. Bank of America boosted their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday. UBS Group boosted their price objective 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. Loop Capital decreased their price objective on shares of 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. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group lifted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Armstrong World Industries currently has an average rating of "Hold" and an average target price of $157.57.

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.