Armstrong World Industries, Inc. (NYSE:AWI) Shares Purchased by Xponance Inc.

Xponance Inc. raised its position in Armstrong World Industries, Inc. (NYSE:AWI) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,195 shares of the construction company’s stock after acquiring an additional 284 shares during the quarter. Xponance Inc.’s holdings in Armstrong World Industries were worth $452,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in Armstrong World Industries during the 4th quarter valued at $32,000. Quent Capital LLC grew its stake in shares of Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after acquiring an additional 170 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Armstrong World Industries during the fourth quarter worth about $33,000. Twin Tree Management LP acquired a new position in shares of Armstrong World Industries in the fourth quarter worth about $43,000. Finally, Point72 DIFC Ltd purchased a new position in Armstrong World Industries in the third quarter valued at about $47,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 1.0 %

Shares of NYSE:AWI opened at $144.48 on Thursday. The company’s fifty day moving average is $148.53 and its two-hundred day moving average is $145.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $364.98 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. Armstrong World Industries’s quarterly revenue was up 17.7% on a year-over-year basis. Equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.85%. Armstrong World Industries’s dividend payout ratio is currently 20.40%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AWI. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Truist Financial increased their price objective 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. UBS Group boosted their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently 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.