Proficio Capital Partners LLC acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in shares of Armstrong World Industries during the 4th quarter worth $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 worth $32,000 after purchasing an additional 170 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Armstrong World Industries during the 4th quarter worth $33,000. Point72 DIFC Ltd purchased a new stake in shares of Armstrong World Industries during the 3rd quarter worth $47,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Armstrong World Industries by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock worth $80,000 after purchasing an additional 376 shares during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.
Armstrong World Industries Trading Down 0.1 %
Shares of AWI traded down $0.19 on Friday, hitting $140.88. 551,038 shares of the stock traded hands, compared to its average volume of 268,712. 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 market capitalization of $6.12 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.60 and a beta of 1.25. The stock's 50 day moving average is $148.55 and its two-hundred day moving average is $144.44. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40.
Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company's quarterly 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 earnings per share. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.
Armstrong World Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, March 6th. Armstrong World Industries's payout ratio is 20.40%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on AWI. StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. The Goldman Sachs Group boosted 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. Truist Financial boosted their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, UBS Group upped their price target 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 equities research 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.com, the company currently has an average rating of "Hold" and an average price target of $153.33.
Check Out Our Latest Report on AWI
Armstrong World Industries Profile
(
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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