Invesco Ltd. Buys 102,895 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Invesco Ltd. boosted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 507,843 shares of the construction company's stock after purchasing an additional 102,895 shares during the period. Invesco Ltd. owned about 1.17% of Armstrong World Industries worth $71,773,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Armstrong World Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock worth $656,922,000 after buying an additional 34,579 shares during the period. Geode Capital Management LLC lifted its position in shares of Armstrong World Industries by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock valued at $125,444,000 after acquiring an additional 35,738 shares in the last quarter. Madison Investment Advisors LLC bought a new position in shares of Armstrong World Industries in the fourth quarter worth about $75,242,000. Natixis Advisors LLC grew its position in shares of Armstrong World Industries by 5.5% during the fourth quarter. Natixis Advisors LLC now owns 519,388 shares of the construction company's stock worth $73,405,000 after purchasing an additional 27,275 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Armstrong World Industries during the fourth quarter worth about $71,822,000. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Trading Up 0.3 %

NYSE:AWI traded up $0.44 during midday trading on Friday, hitting $134.12. 276,717 shares of the company traded hands, compared to its average volume of 271,663. 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's fifty day moving average is $142.70 and its 200-day moving average is $145.79. The firm has a market capitalization of $5.83 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.60 and a beta of 1.20. 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 announced its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share 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 business had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The business's revenue for the quarter was up 17.7% on a year-over-year basis. On average, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.92%. Armstrong World Industries's payout ratio is 20.40%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a report on Friday, February 28th. StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Truist Financial boosted their target price on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, UBS Group raised their target price 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. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.