1,308 Shares in Armstrong World Industries, Inc. $AWI Purchased by Corton Capital Inc.

Corton Capital Inc. purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,308 shares of the construction company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Armstrong World Industries by 28.9% in the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock worth $75,000 after acquiring an additional 103 shares in the last quarter. Covestor Ltd grew its position in Armstrong World Industries by 40.5% in the first quarter. Covestor Ltd now owns 590 shares of the construction company’s stock worth $83,000 after acquiring an additional 170 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Armstrong World Industries in the first quarter worth about $91,000. Archer Investment Corp purchased a new position in Armstrong World Industries in the first quarter worth about $113,000. Finally, Quarry LP grew its position in Armstrong World Industries by 38.2% in the first quarter. Quarry LP now owns 1,046 shares of the construction company’s stock worth $147,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $189.81 on Wednesday. The company has a 50 day moving average price of $196.51 and a 200-day moving average price of $175.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.52. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $206.08. The company has a market capitalization of $8.19 billion, a PE ratio of 27.15, a P/E/G ratio of 1.87 and a beta of 1.45.

Armstrong World Industries (NYSE:AWI) last posted 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 firm had revenue of $325.00 million during the quarter. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be paid a dividend of $0.339 per share. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 6th. Armstrong World Industries’s payout ratio is presently 19.31%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AWI. Vertical Research began coverage on shares of Armstrong World Industries in a report on Monday, October 20th. They issued a “buy” rating and a $238.00 target price for the company. UBS Group boosted their target price on Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Bank of America boosted their target price on Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Wall Street Zen lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.50.

Armstrong World Industries Company 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.