Armstrong World Industries, Inc. (NYSE:AWI) Stake Increased by Stifel Financial Corp

Stifel Financial Corp lifted its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 12.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,596 shares of the construction company's stock after acquiring an additional 10,811 shares during the quarter. Stifel Financial Corp owned about 0.23% of Armstrong World Industries worth $13,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AWI. Transcendent Capital Group LLC acquired a new position in shares of Armstrong World Industries during the third quarter worth about $26,000. V Square Quantitative Management LLC purchased a new position in Armstrong World Industries in the 3rd quarter worth approximately $31,000. Allspring Global Investments Holdings LLC grew its position in Armstrong World Industries by 41.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company's stock valued at $35,000 after acquiring an additional 89 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Armstrong World Industries during the third quarter valued at approximately $47,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Armstrong World Industries by 33.0% during the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company's stock worth $57,000 after purchasing an additional 125 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

Shares of AWI traded up $2.04 during mid-day trading on Wednesday, reaching $156.85. 81,045 shares of the company's stock traded hands, compared to its average volume of 296,589. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The business's 50-day moving average price is $147.45 and its 200-day moving average price is $130.42. The stock has a market capitalization of $6.84 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15. Armstrong World Industries, Inc. has a 12 month low of $92.94 and a 12 month high of $164.40.

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

Armstrong World Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Thursday, November 7th. This is an increase from Armstrong World Industries's previous quarterly dividend of $0.28. Armstrong World Industries's payout ratio is currently 21.69%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Loop Capital lifted their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. UBS Group boosted their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Evercore ISI increased their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. Finally, Truist Financial boosted their target price 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.