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

New Age Alpha Advisors LLC acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,666 shares of the construction company's stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of AWI. ORG Wealth Partners LLC bought a new position in shares of Armstrong World Industries in the fourth quarter valued at about $32,000. Quent Capital LLC increased its position in Armstrong World Industries by 288.1% in the 4th 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 bought a new position in shares of Armstrong World Industries in the fourth quarter worth about $33,000. Twin Tree Management LP acquired a new position in shares of Armstrong World Industries during the fourth quarter worth approximately $43,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Armstrong World Industries during the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price objective 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. UBS Group raised their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Truist Financial raised their target price 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Armstrong World Industries has an average rating of "Hold" and a consensus target price of $153.33.

Armstrong World Industries Trading Down 3.3 %

NYSE AWI traded down $4.47 on Friday, reaching $130.56. The company had a trading volume of 379,820 shares, compared to its average volume of 268,263. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40. The stock's 50 day moving average is $147.04 and its 200-day moving average is $146.01. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.60 and a beta of 1.20.

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

Armstrong World Industries Announces Dividend

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

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.