Voya Investment Management LLC Trims Holdings in Armstrong World Industries, Inc. $AWI

Voya Investment Management LLC decreased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 44.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,312 shares of the construction company’s stock after selling 6,783 shares during the quarter. Voya Investment Management LLC’s holdings in Armstrong World Industries were worth $1,629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AWI. Wealth Alliance LLC raised its position in Armstrong World Industries by 2.5% during the 2nd quarter. Wealth Alliance LLC now owns 2,339 shares of the construction company’s stock worth $380,000 after buying an additional 56 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Armstrong World Industries by 0.6% in the 2nd quarter. Yousif Capital Management LLC now owns 16,398 shares of the construction company’s stock valued at $2,664,000 after acquiring an additional 100 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Armstrong World Industries by 28.9% in the second quarter. Parallel Advisors LLC now owns 459 shares of the construction company’s stock worth $75,000 after acquiring an additional 103 shares during the period. State of Wyoming raised its holdings in shares of Armstrong World Industries by 3.6% during the second quarter. State of Wyoming now owns 3,194 shares of the construction company’s stock worth $519,000 after purchasing an additional 110 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Armstrong World Industries by 0.9% during the second quarter. Corient Private Wealth LLC now owns 14,383 shares of the construction company’s stock worth $2,336,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AWI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Armstrong World Industries in a report on Wednesday, October 8th. Bank of America boosted their price objective on Armstrong World Industries from $205.00 to $220.00 and gave the company a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. raised their target price on Armstrong World Industries from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. UBS Group lifted their price target on Armstrong World Industries from $178.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Zacks Research downgraded Armstrong World Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Stock Down 0.1%

Armstrong World Industries stock opened at $192.06 on Tuesday. 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 stock has a market capitalization of $8.28 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30. The business has a 50 day simple moving average of $188.96 and a 200-day simple moving average of $185.55. Armstrong World Industries, Inc. has a 12 month low of $122.37 and a 12 month high of $206.08.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Monday, November 6th. The construction company reported $1.36 earnings per share (EPS) for the quarter. The firm had revenue of $325.00 million for the quarter. Armstrong World Industries had a net margin of 19.08% and a return on equity of 38.97%. On average, analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

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

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.

Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.