AlphaQuest LLC decreased its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 90.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,999 shares of the construction company's stock after selling 17,972 shares during the quarter. AlphaQuest LLC's holdings in Armstrong World Industries were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Inceptionr LLC boosted its holdings in shares of Armstrong World Industries by 55.1% in the fourth quarter. Inceptionr LLC now owns 9,827 shares of the construction company's stock worth $1,389,000 after buying an additional 3,492 shares during the period. Raymond James Financial Inc. acquired a new position in Armstrong World Industries in the 4th quarter worth approximately $8,375,000. Arizona State Retirement System grew its position in Armstrong World Industries by 0.7% during the 4th quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock worth $1,792,000 after purchasing an additional 82 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Armstrong World Industries during the 4th quarter valued at $4,135,000. Finally, Atria Investments Inc lifted its holdings in shares of Armstrong World Industries by 4.0% in the fourth quarter. Atria Investments Inc now owns 11,140 shares of the construction company's stock valued at $1,574,000 after purchasing an additional 426 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on AWI. The Goldman Sachs Group lifted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a report on Friday, February 28th. Truist Financial increased their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. UBS Group boosted their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, StockNews.com lowered 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $153.33.
Check Out Our Latest Stock Analysis on Armstrong World Industries
Armstrong World Industries Stock Down 0.1 %
Armstrong World Industries stock traded down $0.17 during mid-day trading on Tuesday, hitting $141.45. 305,687 shares of the company's stock were exchanged, compared to its average volume of 268,834. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The stock has a 50 day moving average of $148.56 and a two-hundred day moving average of $144.37. The stock has a market cap of $6.15 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.60 and a beta of 1.25. 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 (NYSE:AWI - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. During the same quarter in the prior year, the firm posted $1.22 EPS. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.
Armstrong World Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries's dividend payout ratio is currently 20.40%.
Armstrong World Industries Profile
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Free Report)
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.
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