Free Trial

Cerity Partners LLC Purchases 4,044 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Armstrong World Industries logo with Construction background

Cerity Partners LLC lifted its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 31.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,038 shares of the construction company's stock after buying an additional 4,044 shares during the quarter. Cerity Partners LLC's holdings in Armstrong World Industries were worth $2,239,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AWI. Transcendent Capital Group LLC bought a new stake in Armstrong World Industries during the third quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new position in Armstrong World Industries in the 3rd quarter worth $31,000. Allspring Global Investments Holdings LLC lifted its position in Armstrong World Industries by 41.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company's stock worth $35,000 after acquiring an additional 89 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Armstrong World Industries by 33.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company's stock worth $57,000 after acquiring an additional 125 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Armstrong World Industries by 53.7% during the third quarter. UMB Bank n.a. now owns 438 shares of the construction company's stock valued at $58,000 after acquiring an additional 153 shares during the period. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock traded down $0.69 during midday trading on Monday, hitting $159.14. 164,319 shares of the company were exchanged, compared to its average volume of 301,473. The firm has a 50 day simple moving average of $143.79 and a 200-day simple moving average of $128.29. Armstrong World Industries, Inc. has a 52 week low of $89.87 and a 52 week high of $164.40. The firm has a market cap of $6.94 billion, a P/E ratio of 28.19, a PEG ratio of 2.04 and a beta of 1.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.60 EPS. Research analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.77%. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.28. The ex-dividend date was Thursday, November 7th. Armstrong World Industries's dividend payout ratio (DPR) is currently 21.69%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AWI shares. Truist Financial raised 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. Loop Capital boosted their price target on Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Tuesday, August 20th. Finally, UBS Group upped their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Armstrong World Industries presently has a consensus rating of "Hold" and a consensus price target of $140.83.

Check Out Our Latest Research Report on AWI

Armstrong World Industries Company Profile

(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.

Featured Stories

Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

Should you invest $1,000 in Armstrong World Industries right now?

Before you consider Armstrong World Industries, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Armstrong World Industries wasn't on the list.

While Armstrong World Industries currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Broadcom Hits $1 Trillion – Can This AI Powerhouse Go Higher?
SoundHound Stock Explodes Again – Is a Major Breakout Coming?
How Fintech Strategy at FinWise Bancorp and CEO Vision Are Driving 78% Gains

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines