Armstrong World Industries, Inc. $AWI Shares Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC boosted its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 350.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,861 shares of the construction company’s stock after buying an additional 23,238 shares during the period. Campbell & CO Investment Adviser LLC owned 0.07% of Armstrong World Industries worth $4,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of 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 during the last quarter. Covestor Ltd raised its stake in Armstrong World Industries by 40.5% during the first quarter. Covestor Ltd now owns 590 shares of the construction company’s stock worth $83,000 after purchasing an additional 170 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Armstrong World Industries during the first quarter worth approximately $91,000. Archer Investment Corp acquired a new position in shares of Armstrong World Industries in the 1st quarter valued at $113,000. Finally, Quarry LP boosted its holdings in shares of Armstrong World Industries by 38.2% in the 1st quarter. Quarry LP now owns 1,046 shares of the construction company’s stock valued at $147,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

AWI stock opened at $188.87 on Friday. 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 1 year low of $122.37 and a 1 year high of $206.08. The firm has a market cap of $8.15 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.41. The stock has a 50-day simple moving average of $196.05 and a 200-day simple moving average of $176.69.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%.The firm had revenue of $325.00 million for the quarter. On average, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a dividend of $0.339 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 6th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.31. Armstrong World Industries’s dividend payout ratio (DPR) is 19.31%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Bank of America increased their target price on Armstrong World Industries from $205.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Vertical Research began coverage on Armstrong World Industries in a research note on Monday, October 20th. They set a “buy” rating and a $238.00 price target for the company. Wall Street Zen lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, October 8th. Finally, UBS Group raised their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the company 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 assigned a Hold rating to the company. According to data from MarketBeat.com, Armstrong World Industries has an average rating of “Moderate Buy” and a consensus target price of $207.50.

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.