Schroder Investment Management Group Acquires 17,774 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Schroder Investment Management Group lifted its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,184 shares of the construction company's stock after buying an additional 17,774 shares during the period. Schroder Investment Management Group owned approximately 0.42% of Armstrong World Industries worth $25,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AWI. Geode Capital Management LLC lifted its position in shares of Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock valued at $111,954,000 after acquiring an additional 34,028 shares during the period. BNP Paribas Financial Markets raised its stake in Armstrong World Industries by 89.2% in the third quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company's stock valued at $1,447,000 after purchasing an additional 5,191 shares in the last quarter. Verition Fund Management LLC bought a new stake in Armstrong World Industries during the third quarter worth about $1,035,000. Principal Securities Inc. grew its stake in Armstrong World Industries by 11.1% during the fourth quarter. Principal Securities Inc. now owns 2,751 shares of the construction company's stock worth $389,000 after buying an additional 274 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Armstrong World Industries by 2.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 158,165 shares of the construction company's stock worth $20,788,000 after buying an additional 4,353 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

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Armstrong World Industries Price Performance

Shares of NYSE AWI traded down $2.36 during midday trading on Monday, reaching $128.23. 501,255 shares of the company were exchanged, compared to its average volume of 269,195. The stock's 50-day moving average price is $146.63 and its 200-day moving average price is $145.98. The stock has a market cap of $5.57 billion, a P/E ratio of 22.62, a PEG ratio of 1.60 and a beta of 1.20. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings data 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 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 analyst estimates of $364.98 million. During the same quarter in the previous year, the company posted $1.22 EPS. Armstrong World Industries's quarterly revenue was up 17.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, March 6th. Armstrong World Industries's dividend payout ratio is currently 20.40%.

Analyst Ratings Changes

Several equities analysts have recently commented on AWI shares. The Goldman Sachs Group boosted 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 report on Friday, February 28th. StockNews.com downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Truist Financial raised their target price on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, UBS Group boosted their price target on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $153.33.

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.