LPL Financial LLC Buys 15,162 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

LPL Financial LLC raised its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 95.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,974 shares of the construction company's stock after acquiring an additional 15,162 shares during the quarter. LPL Financial LLC owned approximately 0.07% of Armstrong World Industries worth $4,378,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Tealwood Asset Management Inc. lifted its position in Armstrong World Industries by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company's stock worth $1,313,000 after buying an additional 71 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of 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. Blue Trust Inc. boosted its position in Armstrong World Industries by 6.7% during the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock valued at $215,000 after purchasing an additional 95 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Armstrong World Industries by 1.7% during the fourth quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock valued at $865,000 after purchasing an additional 97 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in Armstrong World Industries by 8.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,858 shares of the construction company's stock worth $263,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AWI shares. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. UBS Group lifted their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, Truist Financial increased their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $153.33.

Armstrong World Industries Stock Performance

Shares of NYSE AWI traded up $1.33 during trading hours on Tuesday, hitting $136.36. 15,096 shares of the stock were exchanged, compared to its average volume of 303,995. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40. The company's 50 day moving average is $144.10 and its 200 day moving average is $145.92. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The firm has a market capitalization of $5.93 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.60 and a beta of 1.20.

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

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.308 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.90%. Armstrong World Industries's dividend payout ratio is 20.40%.

About Armstrong World Industries

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.