Jupiter Asset Management Ltd. Has $5.21 Million Holdings in Armstrong World Industries, Inc. $AWI

Jupiter Asset Management Ltd. trimmed its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 81.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,072 shares of the construction company’s stock after selling 142,521 shares during the period. Jupiter Asset Management Ltd.’s holdings in Armstrong World Industries were worth $5,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AWI. M&T Bank Corp increased its holdings in shares of Armstrong World Industries by 21.3% during the 1st quarter. M&T Bank Corp now owns 2,313 shares of the construction company’s stock worth $325,000 after acquiring an additional 406 shares during the last quarter. Cerity Partners LLC boosted its position in Armstrong World Industries by 24.9% during the first quarter. Cerity Partners LLC now owns 20,924 shares of the construction company’s stock worth $2,948,000 after purchasing an additional 4,165 shares during the period. Xponance Inc. increased its holdings in shares of Armstrong World Industries by 6.6% in the first quarter. Xponance Inc. now owns 3,407 shares of the construction company’s stock valued at $480,000 after purchasing an additional 212 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Armstrong World Industries by 7.2% in the first quarter. New York State Common Retirement Fund now owns 22,197 shares of the construction company’s stock valued at $3,127,000 after purchasing an additional 1,500 shares during the period. Finally, CWM LLC lifted its stake in shares of Armstrong World Industries by 327.3% during the 1st quarter. CWM LLC now owns 5,478 shares of the construction company’s stock worth $772,000 after buying an additional 4,196 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AWI has been the topic of a number of research reports. Zacks Research lowered shares of Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Wall Street Zen cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Truist Financial upped their target price on Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Vertical Research assumed coverage on Armstrong World Industries in a research note on Monday, October 20th. They set a “buy” rating and a $238.00 target price on the stock. Finally, UBS Group lifted their price target on Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Stock Performance

NYSE AWI opened at $184.84 on Friday. The firm has a 50-day moving average price of $195.43 and a two-hundred day moving average price of $177.82. Armstrong World Industries, Inc. has a 12-month low of $122.37 and a 12-month high of $206.08. The company has a market capitalization of $7.97 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.87 and a beta of 1.41. The company has a quick ratio of 1.11, a current ratio of 1.52 and a debt-to-equity ratio of 0.47.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. The company had revenue of $325.00 million for the quarter. Armstrong World Industries had a net margin of 19.08% and a return on equity of 38.97%. 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 disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be issued a $0.339 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.36 annualized dividend and a yield of 0.7%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s payout ratio is presently 19.31%.

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.