Armstrong World Industries, Inc. (NYSE:AWI) Short Interest Update

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 625,900 shares, a growth of 47.9% from the February 28th total of 423,300 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 278,200 shares, the days-to-cover ratio is currently 2.2 days.

Armstrong World Industries Trading Up 0.6 %

Shares of NYSE:AWI traded up $0.86 during trading on Wednesday, hitting $142.50. 96,890 shares of the company's stock were exchanged, compared to its average volume of 272,267. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The firm has a market cap of $6.19 billion, a P/E ratio of 25.13, a PEG ratio of 1.60 and a beta of 1.20. The firm has a 50-day moving average price of $147.92 and a two-hundred day moving average price of $145.84. Armstrong World Industries has a 1-year low of $110.68 and a 1-year high of $164.40.

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

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Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, March 6th. Armstrong World Industries's payout ratio is 20.40%.

Hedge Funds Weigh In On Armstrong World Industries

Several hedge funds have recently modified their holdings of AWI. Tealwood Asset Management Inc. increased its position in shares of 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 purchasing an additional 71 shares during the last quarter. Arizona State Retirement System raised its position in Armstrong World Industries by 0.7% during the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock worth $1,792,000 after acquiring an additional 82 shares in the last quarter. Tidal Investments LLC raised its position in Armstrong World Industries by 1.8% during the fourth quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock worth $740,000 after acquiring an additional 93 shares in the last quarter. Blue Trust Inc. lifted its stake in Armstrong World Industries by 6.7% in the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock valued at $215,000 after acquiring an additional 95 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of Armstrong World Industries by 1.7% during the 4th quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock worth $865,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AWI shares. UBS Group raised 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. 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 report on Thursday, February 27th. StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group boosted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.