Geode Capital Management LLC Has $153.25 Million Holdings in Armstrong World Industries, Inc. $AWI

Geode Capital Management LLC increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.8% during the second quarter, HoldingsChannel.com reports. The firm owned 943,284 shares of the construction company’s stock after buying an additional 7,378 shares during the period. Geode Capital Management LLC’s holdings in Armstrong World Industries were worth $153,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AWI. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Armstrong World Industries by 0.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,338,833 shares of the construction company’s stock valued at $188,615,000 after buying an additional 8,762 shares during the period. Burgundy Asset Management Ltd. boosted its position in shares of Armstrong World Industries by 7.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,282,996 shares of the construction company’s stock valued at $180,748,000 after acquiring an additional 84,195 shares in the last quarter. Invesco Ltd. increased its stake in Armstrong World Industries by 34.0% in the first quarter. Invesco Ltd. now owns 680,622 shares of the construction company’s stock valued at $95,886,000 after acquiring an additional 172,779 shares during the period. Alyeska Investment Group L.P. raised its position in Armstrong World Industries by 9.5% in the first quarter. Alyeska Investment Group L.P. now owns 583,000 shares of the construction company’s stock worth $82,133,000 after purchasing an additional 50,398 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Armstrong World Industries by 131.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company’s stock worth $62,060,000 after purchasing an additional 250,133 shares during the period. 98.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AWI has been the topic of several analyst reports. UBS Group upped their price objective on Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Wall Street Zen cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Evercore ISI lifted their price objective on Armstrong World Industries from $157.00 to $182.00 and gave the company an “in-line” rating in a report on Wednesday, July 30th. Loop Capital set a $190.00 target price on shares of Armstrong World Industries and gave the stock a “hold” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.50.

Armstrong World Industries Stock Up 0.1%

Shares of NYSE AWI opened at $179.99 on Wednesday. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $206.08. The firm’s 50-day moving average is $194.49 and its 200-day moving average is $179.03. The company has a current ratio of 1.52, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.76 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.87 and a beta of 1.41.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Monday, November 6th. The construction company reported $1.36 earnings per share for the quarter. Armstrong World Industries had a net margin of 19.08% and a return on equity of 38.97%. The business had revenue of $325.00 million for the quarter. Equities 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 20th. Stockholders of record on Thursday, November 6th will be given a $0.339 dividend. The ex-dividend date is Thursday, November 6th. This represents a $1.36 annualized dividend and a dividend yield of 0.8%. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s dividend payout ratio is 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.