Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 639.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,228 shares of the construction company's stock after acquiring an additional 6,251 shares during the period. SG Americas Securities LLC's holdings in Armstrong World Industries were worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Ballentine Partners LLC raised its holdings in Armstrong World Industries by 10.9% in the 4th quarter. Ballentine Partners LLC now owns 1,918 shares of the construction company's stock valued at $271,000 after acquiring an additional 188 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Armstrong World Industries by 21.7% in the 4th quarter. Park Avenue Securities LLC now owns 8,087 shares of the construction company's stock valued at $1,143,000 after acquiring an additional 1,441 shares during the last quarter. Tealwood Asset Management Inc. raised its holdings 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 valued at $1,313,000 after acquiring an additional 71 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in Armstrong World Industries by 107.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 674 shares of the construction company's stock valued at $95,000 after acquiring an additional 349 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Armstrong World Industries in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Trading Down 0.7 %

Shares of NYSE:AWI traded down $1.06 during mid-day trading on Friday, reaching $151.09. 221,069 shares of the company were exchanged, compared to its average volume of 168,971. 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 cap of $6.59 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.69 and a beta of 1.18. The firm's 50-day simple moving average is $149.65 and its 200 day simple moving average is $138.83. Armstrong World Industries, Inc. has a 1 year low of $99.11 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.06. The firm had revenue of $386.60 million during the quarter, compared to analysts' expectations of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.60 EPS. Equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Wall Street Analysts Forecast Growth

AWI has been the subject of a number of recent research reports. Evercore ISI increased their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Truist Financial increased their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, Loop Capital increased their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $140.83.

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.