Capital Fund Management S.A. Purchases New Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Capital Fund Management S.A. purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,040 shares of the construction company's stock, valued at approximately $1,560,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Armstrong World Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock worth $111,954,000 after purchasing an additional 34,028 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Armstrong World Industries by 21.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,590 shares of the construction company's stock worth $735,000 after acquiring an additional 1,000 shares during the period. Tidal Investments LLC grew its position in shares of Armstrong World Industries by 8.0% during the third quarter. Tidal Investments LLC now owns 5,141 shares of the construction company's stock worth $676,000 after purchasing an additional 381 shares in the last quarter. Franklin Resources Inc. lifted its stake in Armstrong World Industries by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 22,982 shares of the construction company's stock worth $3,175,000 after purchasing an additional 7,958 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Armstrong World Industries by 20.7% in the fourth quarter. GAMMA Investing LLC now owns 1,839 shares of the construction company's stock valued at $260,000 after purchasing an additional 316 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Down 2.0 %

AWI traded down $2.68 on Monday, reaching $131.36. The company's stock had a trading volume of 18,731 shares, compared to its average volume of 270,857. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The business's 50 day moving average is $142.70 and its 200 day moving average is $145.96. 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, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.13. The business had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business's revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. As a group, research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.308 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.94%. Armstrong World Industries's dividend payout ratio (DPR) is currently 20.40%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AWI. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. The Goldman Sachs Group boosted their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a report on Friday, February 28th. UBS Group lifted their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, Truist Financial increased their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $153.33.

About Armstrong World Industries

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.