New Age Alpha Advisors LLC Buys New Stake in Armstrong World Industries, Inc. (NYSE:AWI)

New Age Alpha Advisors LLC purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,666 shares of the construction company's stock, valued at approximately $377,000.

Other institutional investors have also recently made changes to their positions in the company. Madison Investment Advisors LLC purchased a new stake in Armstrong World Industries in the fourth quarter valued at $75,242,000. Norges Bank acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth about $71,822,000. Raymond James Financial Inc. purchased a new stake in Armstrong World Industries in the 4th quarter valued at about $8,375,000. State Street Corp lifted its position in Armstrong World Industries by 3.7% in the third quarter. State Street Corp now owns 1,454,150 shares of the construction company's stock valued at $191,119,000 after buying an additional 51,839 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Armstrong World Industries by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock worth $656,922,000 after buying an additional 34,579 shares during the period. Hedge funds and other institutional investors own 98.93% of the company's stock.

Wall Street Analyst Weigh In

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

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Armstrong World Industries Stock Down 3.3 %

AWI traded down $4.47 on Friday, hitting $130.56. 379,820 shares of the company were exchanged, compared to its average volume of 268,263. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The firm has a 50-day moving average price of $147.04 and a two-hundred day moving average price of $145.89. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm earned $1.22 earnings per share. The business's quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

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

Armstrong World Industries Company 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.