GAMMA Investing LLC Buys 169 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

GAMMA Investing LLC raised its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 9.2% during the first quarter, HoldingsChannel reports. The fund owned 2,008 shares of the construction company’s stock after buying an additional 169 shares during the period. GAMMA Investing LLC’s holdings in Armstrong World Industries were worth $283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Armstrong World Industries by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company’s stock valued at $656,922,000 after purchasing an additional 34,579 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Armstrong World Industries by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,198,801 shares of the construction company’s stock valued at $169,427,000 after buying an additional 19,787 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Armstrong World Industries by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company’s stock valued at $125,444,000 after buying an additional 35,738 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Armstrong World Industries by 140.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company’s stock worth $94,126,000 after acquiring an additional 389,000 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in Armstrong World Industries by 267.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company’s stock valued at $75,273,000 after acquiring an additional 387,537 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Price Performance

NYSE AWI opened at $166.07 on Thursday. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.08 and a beta of 1.37. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $169.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.60 and a quick ratio of 1.10. The business’s fifty day moving average price is $153.98 and its 200-day moving average price is $147.56.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. The company had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. Armstrong World Industries had a return on equity of 39.37% and a net margin of 18.25%. Armstrong World Industries’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. On average, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, May 8th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AWI shares. Bank of America increased their target price on Armstrong World Industries from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Wall Street Zen cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Loop Capital decreased their target price on Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a research note on Tuesday, June 24th. They set an “overweight” rating and a $200.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $162.88.

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.