Schroder Investment Management Group Has $28.79 Million Holdings in Armstrong World Industries, Inc. $AWI

Schroder Investment Management Group lifted its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,232 shares of the construction company’s stock after purchasing an additional 5,730 shares during the quarter. Schroder Investment Management Group’s holdings in Armstrong World Industries were worth $28,790,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. MAI Capital Management acquired a new stake in Armstrong World Industries during the second quarter worth approximately $47,000. Employees Retirement System of Texas bought a new position in shares of Armstrong World Industries in the second quarter worth $58,000. Parallel Advisors LLC raised its stake in Armstrong World Industries by 28.9% in the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock valued at $75,000 after purchasing an additional 103 shares in the last quarter. Covestor Ltd raised its stake in Armstrong World Industries by 40.5% in the first quarter. Covestor Ltd now owns 590 shares of the construction company’s stock valued at $83,000 after purchasing an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Armstrong World Industries during the first quarter worth about $91,000. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $188.53 on Wednesday. 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 debt-to-equity ratio of 0.47, a current ratio of 1.52 and a quick ratio of 1.04. The firm has a market capitalization of $8.13 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.87 and a beta of 1.30. The company’s 50 day moving average price is $192.63 and its two-hundred day moving average price is $181.33.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 EPS for the quarter. The company had revenue of $325.00 million during the quarter. Armstrong World Industries had a return on equity of 38.97% and a net margin of 19.08%. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were paid a $0.339 dividend. This is an increase 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 was Thursday, November 6th. Armstrong World Industries’s payout ratio is currently 19.46%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. 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 on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. Bank of America boosted their price objective on shares of Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Zacks Research downgraded Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Finally, Truist Financial lifted their price target on Armstrong World Industries from $195.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.