Armstrong World Industries, Inc. $AWI Shares Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC boosted its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 350.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,861 shares of the construction company’s stock after purchasing an additional 23,238 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Armstrong World Industries were worth $4,851,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AWI. Global Alpha Capital Management Ltd. grew its position in shares of Armstrong World Industries by 13.1% during the second quarter. Global Alpha Capital Management Ltd. now owns 170,990 shares of the construction company’s stock worth $27,776,000 after buying an additional 19,790 shares in the last quarter. Savant Capital LLC boosted its stake in Armstrong World Industries by 102.9% during the 2nd quarter. Savant Capital LLC now owns 16,110 shares of the construction company’s stock valued at $2,617,000 after acquiring an additional 8,172 shares during the last quarter. Corton Capital Inc. acquired a new position in Armstrong World Industries during the 2nd quarter worth $212,000. Bank of Montreal Can increased its position in shares of Armstrong World Industries by 3.8% in the 2nd quarter. Bank of Montreal Can now owns 7,094 shares of the construction company’s stock worth $1,152,000 after purchasing an additional 262 shares during the last quarter. Finally, Versor Investments LP raised its stake in shares of Armstrong World Industries by 29.9% in the 2nd quarter. Versor Investments LP now owns 5,493 shares of the construction company’s stock valued at $892,000 after purchasing an additional 1,263 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Evercore ISI lifted their price target on Armstrong World Industries from $157.00 to $182.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Zacks Research downgraded Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. JPMorgan Chase & Co. upped their price target on Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Truist Financial lifted their price objective on shares of Armstrong World Industries from $195.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Armstrong World Industries presently has an average rating of “Moderate Buy” and an average target price of $207.50.

Armstrong World Industries Trading Up 1.0%

NYSE:AWI opened at $188.87 on Friday. The firm has a market capitalization of $8.15 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.87 and a beta of 1.41. The business has a 50 day simple moving average of $196.05 and a 200 day simple moving average of $176.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a 12-month low of $122.37 and a 12-month high of $206.08.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. The company had revenue of $325.00 million for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%. Equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be paid a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 6th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.31%.

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.