Cwm LLC Acquires 20,624 Shares of Armstrong World Industries, Inc. $AWI

Cwm LLC raised its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 132.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,148 shares of the construction company’s stock after acquiring an additional 20,624 shares during the quarter. Cwm LLC’s holdings in Armstrong World Industries were worth $7,085,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Armstrong World Industries during the 2nd quarter worth $32,000. Headlands Technologies LLC purchased a new stake in shares of Armstrong World Industries during the second quarter valued at about $46,000. MAI Capital Management bought a new stake in shares of Armstrong World Industries in the 2nd quarter valued at about $47,000. Employees Retirement System of Texas bought a new stake in shares of Armstrong World Industries in the 2nd quarter valued at about $58,000. Finally, Bare Financial Services Inc grew its position in shares of Armstrong World Industries by 1,789.5% in the 2nd quarter. Bare Financial Services Inc now owns 359 shares of the construction company’s stock worth $58,000 after buying an additional 340 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AWI has been the subject of a number of analyst reports. Wall Street Zen cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Zacks Research lowered Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. JPMorgan Chase & Co. raised their price objective on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Vertical Research began coverage on Armstrong World Industries in a research report on Monday, October 20th. They set a “buy” rating and a $238.00 target price on the stock. Finally, UBS Group increased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.50.

Armstrong World Industries Trading Up 0.1%

Shares of NYSE:AWI opened at $192.27 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. Armstrong World Industries, Inc. has a 52-week low of $122.37 and a 52-week high of $206.08. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 1.90 and a beta of 1.30. The business has a 50-day moving average price of $188.73 and a 200-day moving average price of $185.84.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results 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 company had revenue of $325.00 million for the quarter. Equities analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were issued a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, November 6th. Armstrong World Industries’s dividend payout ratio is 19.46%.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.