MRJ Capital Inc. Has $4.25 Million Holdings in Armstrong World Industries Inc (NYSE:AWI)

MRJ Capital Inc. cut its stake in shares of Armstrong World Industries Inc (NYSE:AWI) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,930 shares of the construction company’s stock after selling 1,300 shares during the period. Armstrong World Industries makes up approximately 2.5% of MRJ Capital Inc.’s investment portfolio, making the stock its 14th largest holding. MRJ Capital Inc.’s holdings in Armstrong World Industries were worth $4,248,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AWI. Price T Rowe Associates Inc. MD grew its stake in shares of Armstrong World Industries by 56.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 6,472,013 shares of the construction company’s stock worth $629,080,000 after purchasing an additional 2,338,327 shares during the period. JPMorgan Chase & Co. grew its stake in Armstrong World Industries by 359.1% in the second quarter. JPMorgan Chase & Co. now owns 498,919 shares of the construction company’s stock valued at $48,804,000 after acquiring an additional 390,234 shares during the period. Victory Capital Management Inc. acquired a new position in Armstrong World Industries in the second quarter valued at about $28,325,000. Renaissance Technologies LLC grew its stake in Armstrong World Industries by 72.9% in the second quarter. Renaissance Technologies LLC now owns 678,300 shares of the construction company’s stock valued at $65,931,000 after acquiring an additional 285,900 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new position in Armstrong World Industries in the second quarter valued at about $26,656,000.

Shares of AWI stock traded up $1.13 on Wednesday, hitting $98.25. 409,535 shares of the stock were exchanged, compared to its average volume of 443,955. The company has a current ratio of 2.09, a quick ratio of 1.60 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $4.71 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.60. The business has a 50-day moving average of $96.39 and a 200 day moving average of $94.71. Armstrong World Industries Inc has a fifty-two week low of $54.34 and a fifty-two week high of $104.50.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be given a dividend of $0.20 per share. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 6th. Armstrong World Industries’s dividend payout ratio is currently 21.86%.

A number of research analysts have issued reports on the company. BNP Paribas assumed coverage on Armstrong World Industries in a research note on Wednesday, October 9th. They issued an “underperform” rating for the company. Zacks Investment Research raised Armstrong World Industries from a “sell” rating to a “hold” rating and set a $99.00 target price for the company in a research note on Tuesday, October 29th. Exane BNP Paribas assumed coverage on Armstrong World Industries in a research note on Wednesday, October 9th. They issued an “underperform” rating for the company. ValuEngine raised Armstrong World Industries from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Bank of America boosted their target price on Armstrong World Industries from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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