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

Aigen Investment Management LP decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 32.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Entropy Technologies LP acquired a new position in shares of Armstrong World Industries during the 3rd quarter valued at about $775,000. Transcendent Capital Group LLC acquired a new position in shares of Armstrong World Industries during the 3rd quarter valued at about $26,000. Covestor Ltd increased its holdings in shares of Armstrong World Industries by 315.5% during the 3rd quarter. Covestor Ltd now owns 1,205 shares of the construction company’s stock valued at $158,000 after acquiring an additional 915 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Armstrong World Industries by 2.7% during the 3rd quarter. Atria Investments Inc now owns 10,714 shares of the construction company’s stock valued at $1,408,000 after acquiring an additional 284 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of Armstrong World Industries by 3.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock valued at $399,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $153.28 on Friday. The stock has a 50 day moving average of $137.42 and a two-hundred day moving average of $125.22. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 12 month low of $81.47 and a 12 month high of $157.51. The company has a market capitalization of $6.68 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.96 and a beta of 1.13.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $1.60 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 7th. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. Armstrong World Industries’s dividend payout ratio (DPR) is 21.69%.

Analyst Ratings Changes

A number of research analysts have recently commented on AWI shares. Loop Capital increased their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Truist Financial increased their target price on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI increased their target price on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group increased their target price on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Armstrong World Industries currently has an average rating of “Hold” and a consensus target price of $140.83.

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.