Inceptionr LLC Grows Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Inceptionr LLC grew its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 55.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,827 shares of the construction company's stock after purchasing an additional 3,492 shares during the quarter. Inceptionr LLC's holdings in Armstrong World Industries were worth $1,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC increased its holdings in Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company's stock worth $64,678,000 after acquiring an additional 67,798 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Armstrong World Industries in the fourth quarter worth approximately $8,375,000. State Street Corp increased its stake in shares of Armstrong World Industries by 3.7% in the third quarter. State Street Corp now owns 1,454,150 shares of the construction company's stock worth $191,119,000 after purchasing an additional 51,839 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock valued at $111,954,000 after purchasing an additional 34,028 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Armstrong World Industries by 11.0% during the 4th quarter. Allianz Asset Management GmbH now owns 310,723 shares of the construction company's stock valued at $43,914,000 after buying an additional 30,878 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have issued reports on AWI shares. Truist Financial increased their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. The Goldman Sachs Group increased their target price 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 boosted their price target on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Finally, StockNews.com downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $153.33.

Armstrong World Industries Price Performance

Armstrong World Industries stock traded down $5.80 during midday trading on Monday, reaching $143.73. 559,921 shares of the stock traded hands, compared to its average volume of 259,185. The stock has a market cap of $6.25 billion, a P/E ratio of 25.35, a PEG ratio of 1.60 and a beta of 1.25. The stock's fifty day moving average is $148.70 and its 200-day moving average is $143.72. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.13. The firm had revenue of $367.70 million during the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. Armstrong World Industries's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $1.22 earnings per share. As a group, equities research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

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

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.