Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.47 Million Investment in Armstrong World Industries, Inc. (NYSE:AWI)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,637 shares of the construction company’s stock, valued at approximately $3,471,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Armstrong World Industries at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AWI. Norges Bank bought a new stake in Armstrong World Industries during the fourth quarter worth approximately $71,822,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Armstrong World Industries by 140.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company’s stock valued at $94,126,000 after buying an additional 389,000 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Armstrong World Industries by 267.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company’s stock valued at $75,273,000 after buying an additional 387,537 shares during the period. GAMMA Investing LLC boosted its position in shares of Armstrong World Industries by 15,282.7% during the first quarter. GAMMA Investing LLC now owns 282,887 shares of the construction company’s stock valued at $398,530,000 after buying an additional 281,048 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Armstrong World Industries by 25.4% during the fourth quarter. Invesco Ltd. now owns 507,843 shares of the construction company’s stock valued at $71,773,000 after buying an additional 102,895 shares during the period. 98.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on AWI shares. Wall Street Zen upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Loop Capital dropped 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. JPMorgan Chase & Co. started coverage on Armstrong World Industries in a research report on Tuesday, June 24th. They set an “overweight” rating and a $200.00 target price for the company. Finally, Bank of America boosted their target price on Armstrong World Industries from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Armstrong World Industries presently has a consensus rating of “Moderate Buy” and an average price target of $162.88.

Armstrong World Industries Stock Up 0.3%

Shares of NYSE AWI opened at $169.09 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.10 and a current ratio of 1.60. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.11 and a beta of 1.37. The stock has a 50 day moving average price of $160.01 and a 200 day moving average price of $150.58. Armstrong World Industries, Inc. has a 52-week low of $117.92 and a 52-week high of $170.85.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. The firm had revenue of $382.70 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share. Sell-side analysts expect 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 will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, August 7th. Armstrong World Industries’s dividend payout ratio (DPR) is 19.68%.

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.