Swiss National Bank Has $12.15 Million Position in Armstrong World Industries, Inc. (NYSE:AWI)

Swiss National Bank raised its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,000 shares of the construction company’s stock after acquiring an additional 600 shares during the period. Swiss National Bank owned approximately 0.20% of Armstrong World Industries worth $12,154,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Armstrong World Industries by 4.2% in the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock valued at $111,954,000 after purchasing an additional 34,028 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Armstrong World Industries by 89.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock worth $1,447,000 after acquiring an additional 5,191 shares during the period. Victory Capital Management Inc. boosted its position in shares of Armstrong World Industries by 230.1% during the 3rd quarter. Victory Capital Management Inc. now owns 43,430 shares of the construction company’s stock worth $5,708,000 after acquiring an additional 30,273 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $1,035,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Armstrong World Industries by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company’s stock valued at $62,074,000 after acquiring an additional 18,333 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $143.06 on Thursday. The business has a 50 day moving average of $148.58 and a 200-day moving average of $144.46. The company has a market capitalization of $6.22 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.60 and a beta of 1.25. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $367.70 million during the quarter, compared to the consensus estimate of $364.98 million. During the same quarter last year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.308 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.86%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 20.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their target price on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 28th. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. UBS Group boosted their target price on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, Truist Financial raised their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.33.

Armstrong World Industries 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.