Natixis Advisors LLC Grows Position in Armstrong World Industries, Inc. (NYSE:AWI)

Natixis Advisors LLC lifted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 519,388 shares of the construction company's stock after acquiring an additional 27,275 shares during the quarter. Natixis Advisors LLC owned 1.19% of Armstrong World Industries worth $73,405,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in Armstrong World Industries during the fourth quarter worth approximately $32,000. Quent Capital LLC lifted its position in shares of Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after buying an additional 170 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Armstrong World Industries during the 4th quarter valued at approximately $33,000. Point72 DIFC Ltd purchased a new stake in Armstrong World Industries in the 3rd quarter worth $47,000. Finally, Farther Finance Advisors LLC raised its position in Armstrong World Industries by 90.2% during the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after acquiring an additional 202 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. UBS Group increased 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, The Goldman Sachs Group lifted their target price 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $153.33.

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Armstrong World Industries Trading Down 1.3 %

NYSE AWI traded down $1.87 on Thursday, reaching $141.25. 257,772 shares of the company were exchanged, compared to its average volume of 288,420. 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 business's fifty day moving average price is $148.58 and its 200 day moving average price is $144.46. The stock has a market capitalization of $6.14 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. 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 quarterly 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 firm had revenue of $367.70 million for the quarter, compared to analysts' expectations of $364.98 million. During the same quarter in the previous year, the company posted $1.22 EPS. The company's revenue was up 17.7% compared to the same quarter last year. Analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.308 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.87%. Armstrong World Industries's dividend payout ratio is currently 20.40%.

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.