MML Investors Services LLC lifted its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,807 shares of the construction company's stock after acquiring an additional 3,270 shares during the period. MML Investors Services LLC owned 0.07% of Armstrong World Industries worth $4,071,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in Armstrong World Industries during the fourth quarter worth $198,000. Farringdon Capital Ltd. acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at $668,000. NewEdge Advisors LLC boosted its holdings 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 valued at $592,000 after purchasing an additional 4,146 shares in the last quarter. Jump Financial LLC lifted its holdings in Armstrong World Industries by 29.1% during the 4th quarter. Jump Financial LLC now owns 25,805 shares of the construction company's stock valued at $3,647,000 after purchasing an additional 5,815 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $903,000. 98.93% of the stock is owned by institutional investors.
Armstrong World Industries Price Performance
AWI stock traded up $6.51 during mid-day trading on Tuesday, reaching $145.43. The company's stock had a trading volume of 721,073 shares, compared to its average volume of 276,186. The company's 50 day moving average is $140.56 and its two-hundred day moving average is $145.99. 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 stock has a market cap of $6.32 billion, a PE ratio of 25.65, a P/E/G ratio of 1.60 and a beta of 1.20. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40.
Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. The business had revenue of $382.70 million during the quarter, compared to analysts' expectations of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business's revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 earnings per share. Equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.
Armstrong World Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.85%. Armstrong World Industries's payout ratio is currently 20.40%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on AWI shares. StockNews.com downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. The Goldman Sachs Group raised their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. UBS Group raised their price objective on 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 lifted their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $153.33.
Read Our Latest Stock Analysis on Armstrong World Industries
About Armstrong World Industries
(
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.
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