Van ECK Associates Corp Has $5.62 Million Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Van ECK Associates Corp lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 34.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,735 shares of the construction company's stock after buying an additional 10,192 shares during the period. Van ECK Associates Corp owned approximately 0.09% of Armstrong World Industries worth $5,616,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AWI. Tealwood Asset Management Inc. raised its position in Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company's stock worth $1,313,000 after buying an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Armstrong World Industries by 4.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company's stock valued at $245,000 after purchasing an additional 76 shares during the period. Blue Trust Inc. boosted its holdings in Armstrong World Industries by 5.9% in the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company's stock valued at $188,000 after purchasing an additional 79 shares during the last quarter. US Bancorp DE grew its position in Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company's stock worth $88,000 after purchasing an additional 82 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in Armstrong World Industries by 3.6% during the third quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company's stock worth $399,000 after acquiring an additional 104 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

NYSE:AWI traded down $2.62 during mid-day trading on Friday, reaching $146.72. The stock had a trading volume of 327,842 shares, compared to its average volume of 206,919. The business has a 50 day simple moving average of $147.74 and a 200 day simple moving average of $141.14. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries's dividend payout ratio (DPR) is 21.69%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Evercore ISI lifted their price target on Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Truist Financial increased their target price on Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. UBS Group boosted their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Finally, Loop Capital boosted their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $140.83.

Armstrong World Industries 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.