Aigen Investment Management LP Has $333,000 Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Aigen Investment Management LP trimmed its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 32.9% in the third quarter, HoldingsChannel reports. The firm owned 2,534 shares of the construction company’s stock after selling 1,241 shares during the period. Aigen Investment Management LP’s holdings in Armstrong World Industries were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AWI. Allspring Global Investments Holdings LLC acquired a new stake in shares of Armstrong World Industries in the 1st quarter valued at $27,000. Quantbot Technologies LP acquired a new stake in shares of Armstrong World Industries in the 1st quarter valued at $237,000. Sei Investments Co. increased its stake in shares of Armstrong World Industries by 185.3% in the 1st quarter. Sei Investments Co. now owns 52,241 shares of the construction company’s stock valued at $6,489,000 after buying an additional 33,927 shares during the period. Twin Tree Management LP acquired a new stake in shares of Armstrong World Industries in the 1st quarter valued at $1,632,000. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Armstrong World Industries in the 1st quarter worth $2,081,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $153.28 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.96 and a beta of 1.13. The stock’s 50 day moving average is $137.42 and its 200-day moving average is $125.22. Armstrong World Industries, Inc. has a 12 month low of $81.47 and a 12 month high of $157.51.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The business had revenue of $386.60 million during the quarter, compared to analysts’ expectations of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 earnings per share. Equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a $0.308 dividend. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 7th. Armstrong World Industries’s payout ratio is 21.69%.

Wall Street Analysts Forecast Growth

AWI has been the topic of several recent research reports. Loop Capital raised their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Jefferies Financial Group boosted their price target on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, UBS Group boosted their price target on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $140.83.

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.