Jump Financial LLC Grows Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Jump Financial LLC boosted its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,805 shares of the construction company's stock after acquiring an additional 5,815 shares during the period. Jump Financial LLC owned 0.06% of Armstrong World Industries worth $3,647,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Madison Investment Advisors LLC bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at about $75,242,000. Norges Bank bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at about $71,822,000. Invesco Ltd. boosted its stake in shares of Armstrong World Industries by 25.4% during the 4th quarter. Invesco Ltd. now owns 507,843 shares of the construction company's stock valued at $71,773,000 after purchasing an additional 102,895 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at about $8,375,000. Finally, Geode Capital Management LLC boosted its stake in shares of Armstrong World Industries by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock valued at $125,444,000 after purchasing an additional 35,738 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Up 2.5 %

AWI traded up $3.28 during trading on Wednesday, hitting $135.77. 65,912 shares of the company's stock traded hands, compared to its average volume of 305,061. The company's 50 day simple moving average is $141.86 and its two-hundred day simple moving average is $145.83. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.60 and a beta of 1.20.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate 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 business had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. During the same period last year, the business posted $1.22 EPS. The company's revenue was up 17.7% compared to the same quarter last year. Analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.308 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.91%. Armstrong World Industries's dividend payout ratio is 20.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Truist Financial boosted their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. UBS Group boosted their price objective on shares of 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, StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.