Proficio Capital Partners LLC Buys Shares of 29,255 Armstrong World Industries, Inc. (NYSE:AWI)

Proficio Capital Partners LLC acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,255 shares of the construction company's stock, valued at approximately $4,135,000. Proficio Capital Partners LLC owned about 0.07% of Armstrong World Industries as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in Armstrong World Industries during the 3rd quarter valued at approximately $26,000. ORG Wealth Partners LLC purchased a new stake in Armstrong World Industries during the 4th quarter valued at approximately $32,000. Quent Capital LLC raised its stake in 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 acquiring an additional 170 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in Armstrong World Industries during the 4th quarter valued at approximately $33,000. Finally, Point72 DIFC Ltd purchased a new stake in Armstrong World Industries during the 3rd quarter valued at approximately $47,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on AWI shares. The Goldman Sachs Group upped their price objective on 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 boosted their target price on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. 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, StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $153.33.

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Armstrong World Industries Price Performance

Shares of AWI traded up $1.01 on Friday, reaching $149.84. The stock had a trading volume of 565,489 shares, compared to its average volume of 252,352. The firm has a market capitalization of $6.51 billion, a PE ratio of 26.43, a PEG ratio of 1.60 and a beta of 1.19. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average of $148.58 and a 200 day moving average of $143.23. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.13. The business had revenue of $367.70 million for the quarter, compared to analysts' expectations of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS. Sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS 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. Investors of record on Thursday, March 6th will be issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries's dividend payout ratio is currently 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.