Armstrong World Industries, Inc. (NYSE:AWI) Shares Purchased by Capital International Investors

Capital International Investors increased its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 0.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,485,650 shares of the construction company's stock after acquiring an additional 2,618 shares during the period. Capital International Investors owned approximately 5.70% of Armstrong World Industries worth $351,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AWI. Canada Pension Plan Investment Board purchased a new position in shares of Armstrong World Industries during the 4th quarter worth $198,000. Farringdon Capital Ltd. acquired a new position in Armstrong World Industries in the fourth quarter valued at about $668,000. NewEdge Advisors LLC boosted its stake in Armstrong World Industries by 9,641.9% during the fourth quarter. NewEdge Advisors LLC now owns 4,189 shares of the construction company's stock worth $592,000 after buying an additional 4,146 shares during the period. Jump Financial LLC increased its position in shares of Armstrong World Industries by 29.1% during the fourth quarter. Jump Financial LLC now owns 25,805 shares of the construction company's stock valued at $3,647,000 after acquiring an additional 5,815 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Armstrong World Industries during the fourth quarter valued at about $903,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Stock Up 2.4 %

NYSE AWI traded up $3.18 during trading on Thursday, reaching $137.29. 109,201 shares of the company's stock were exchanged, compared to its average volume of 271,610. The company has a 50 day moving average price of $141.46 and a two-hundred day moving average price of $145.75. The stock has a market cap of $5.97 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. 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 (NYSE:AWI - Get Free Report) last announced its quarterly 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 net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. During the same period in the prior year, the firm posted $1.22 earnings per share. The firm's revenue was up 17.7% on a year-over-year basis. On average, equities research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.90%. Armstrong World Industries's dividend payout ratio (DPR) is presently 20.40%.

Wall Street Analyst Weigh In

AWI has been the subject of a number of research analyst reports. StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. The Goldman Sachs Group raised their price target on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. UBS Group upped their target price 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, Truist Financial increased their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. 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, Armstrong World Industries currently has a consensus rating of "Hold" and an average price target of $153.33.

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.