Oak Thistle LLC Acquires Shares of 8,479 Armstrong World Industries, Inc. $AWI

Oak Thistle LLC acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,479 shares of the construction company’s stock, valued at approximately $1,662,000.

Several other institutional investors and hedge funds have also made changes to their positions in AWI. Norges Bank purchased a new stake in Armstrong World Industries during the 2nd quarter worth $84,412,000. Adage Capital Partners GP L.L.C. grew its stake in shares of Armstrong World Industries by 121.3% during the second quarter. Adage Capital Partners GP L.L.C. now owns 737,000 shares of the construction company’s stock valued at $119,718,000 after acquiring an additional 404,000 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Armstrong World Industries by 118.6% during the second quarter. AQR Capital Management LLC now owns 543,009 shares of the construction company’s stock valued at $88,206,000 after acquiring an additional 294,646 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Armstrong World Industries by 131.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,519 shares of the construction company’s stock worth $62,060,000 after acquiring an additional 250,133 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Armstrong World Industries by 1,782.8% during the second quarter. Balyasny Asset Management L.P. now owns 143,113 shares of the construction company’s stock worth $23,247,000 after acquiring an additional 135,512 shares during the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Trading Down 0.1%

NYSE:AWI opened at $184.40 on Thursday. The company has a market cap of $7.95 billion, a PE ratio of 26.38, a P/E/G ratio of 1.82 and a beta of 1.30. The business’s 50 day moving average is $190.25 and its two-hundred day moving average is $183.36. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $206.08.

Armstrong World Industries (NYSE:AWI) last issued its 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, analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a dividend of $0.339 per share. The ex-dividend date was Thursday, November 6th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 0.7%. Armstrong World Industries’s payout ratio is presently 19.46%.

Analyst Ratings Changes

AWI has been the subject of a number of analyst reports. UBS Group increased their price target on Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Vertical Research started coverage on Armstrong World Industries in a research note on Monday, October 20th. They set a “buy” rating and a $238.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Armstrong World Industries presently has an average rating of “Moderate Buy” and an average target price of $207.50.

Armstrong World Industries 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.