Usca Ria LLC Invests $30,000 in Armstrong World Industries Inc (NYSE:AWI)

Usca Ria LLC acquired a new position in Armstrong World Industries Inc (NYSE:AWI) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 310 shares of the construction company’s stock, valued at approximately $30,000.

Other large investors have also recently made changes to their positions in the company. Ancora Advisors LLC raised its stake in shares of Armstrong World Industries by 63.0% in the second quarter. Ancora Advisors LLC now owns 9,420 shares of the construction company’s stock worth $915,000 after purchasing an additional 3,640 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Armstrong World Industries during the second quarter worth about $1,161,000. Carlson Capital L P acquired a new stake in Armstrong World Industries during the second quarter worth about $17,758,000. Nomura Holdings Inc. acquired a new stake in Armstrong World Industries during the second quarter worth about $4,630,000. Finally, First Trust Advisors LP grew its holdings in Armstrong World Industries by 296.3% during the second quarter. First Trust Advisors LP now owns 90,246 shares of the construction company’s stock worth $8,772,000 after acquiring an additional 67,471 shares during the period. Hedge funds and other institutional investors own 99.89% of the company’s stock.

Armstrong World Industries stock traded down $0.02 during midday trading on Friday, hitting $93.72. 331,503 shares of the company were exchanged, compared to its average volume of 442,423. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.60 and a current ratio of 2.09. Armstrong World Industries Inc has a fifty-two week low of $54.34 and a fifty-two week high of $104.50. The business has a fifty day simple moving average of $96.56 and a two-hundred day simple moving average of $94.59. The firm has a market capitalization of $4.43 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, October 28th. The construction company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.30 by $0.08. Armstrong World Industries had a return on equity of 78.13% and a net margin of 19.55%. The company had revenue of $277.10 million for the quarter, compared to analyst estimates of $289.93 million. During the same period last year, the company earned $1.11 earnings per share. Armstrong World Industries’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts expect that Armstrong World Industries Inc will post 4.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be issued a $0.20 dividend. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 0.85%. The ex-dividend date is Wednesday, November 6th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.86%.

AWI has been the topic of several analyst reports. Bank of America raised their target price on Armstrong World Industries from $108.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. BNP Paribas initiated coverage on Armstrong World Industries in a report on Wednesday, October 9th. They set an “underperform” rating on the stock. ValuEngine lowered Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Zacks Investment Research raised Armstrong World Industries from a “sell” rating to a “hold” rating and set a $99.00 target price on the stock in a report on Tuesday, October 29th. Finally, Exane BNP Paribas initiated coverage on Armstrong World Industries in a report on Wednesday, October 9th. They set an “underperform” rating on the stock. Four research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $100.01.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries Inc (NYSE:AWI).

Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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