Hillsdale Investment Management Inc. Grows Stock Holdings in Armstrong World Industries, Inc. $AWI

Hillsdale Investment Management Inc. grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 20.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,410 shares of the construction company’s stock after buying an additional 4,000 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.05% of Armstrong World Industries worth $4,589,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AWI. Millennium Management LLC increased its stake in Armstrong World Industries by 571.7% during the first quarter. Millennium Management LLC now owns 117,696 shares of the construction company’s stock worth $16,581,000 after acquiring an additional 100,175 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Armstrong World Industries by 142.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,061 shares of the construction company’s stock valued at $431,000 after purchasing an additional 1,796 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Armstrong World Industries by 63.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,181 shares of the construction company’s stock valued at $17,636,000 after purchasing an additional 48,544 shares during the last quarter. Jane Street Group LLC lifted its position in Armstrong World Industries by 144.2% in the first quarter. Jane Street Group LLC now owns 70,136 shares of the construction company’s stock worth $9,881,000 after buying an additional 41,417 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Armstrong World Industries during the second quarter worth $291,000. Institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

AWI has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. UBS Group raised their price objective on shares of Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. increased their price target on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.50.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $199.03 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 1.73 and a beta of 1.33. The firm has a 50-day moving average of $192.74 and a two-hundred day moving average of $192.83. Armstrong World Industries, Inc. has a 1 year low of $122.37 and a 1 year high of $206.08.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.339 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. Armstrong World Industries’s payout ratio is 19.46%.

Armstrong World Industries 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.