Hillsdale Investment Management Inc. Boosts Stock Holdings in Armstrong World Industries, Inc. $AWI

Hillsdale Investment Management Inc. grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 20.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,410 shares of the construction company’s stock after purchasing an additional 4,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Armstrong World Industries were worth $4,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWI. Root Financial Partners LLC bought a new position in Armstrong World Industries in the third quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Armstrong World Industries in the 2nd quarter valued at $32,000. Bessemer Group Inc. increased its holdings in shares of Armstrong World Industries by 70.0% in the 3rd quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock valued at $44,000 after acquiring an additional 91 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Armstrong World Industries by 4,860.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 248 shares of the construction company’s stock worth $49,000 after acquiring an additional 243 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Armstrong World Industries during the 2nd quarter worth $46,000. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Armstrong World Industries in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. JPMorgan Chase & Co. increased their target price on shares of Armstrong World Industries from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, UBS Group lifted their price target on shares of Armstrong World Industries from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One research 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 company. According to data from MarketBeat.com, Armstrong World Industries currently has an average rating of “Moderate Buy” and an average price target of $207.50.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $199.03 on Friday. The company has a 50 day moving average price of $192.74 and a 200 day moving average price of $192.83. The firm has a market capitalization of $8.58 billion, a P/E ratio of 28.47, a PEG ratio of 1.73 and a beta of 1.33. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.47. Armstrong World Industries, Inc. has a 52 week low of $122.37 and a 52 week high of $206.08.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, March 5th. Armstrong World Industries’s 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.