XTX Topco Ltd Invests $903,000 in Armstrong World Industries, Inc. (NYSE:AWI)

XTX Topco Ltd acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,388 shares of the construction company's stock, valued at approximately $903,000.

Several other large investors also recently made changes to their positions in AWI. Mariner LLC increased its position in shares of Armstrong World Industries by 7.4% during the fourth quarter. Mariner LLC now owns 3,300 shares of the construction company's stock worth $466,000 after acquiring an additional 228 shares during the last quarter. Sterling Capital Management LLC grew its stake in Armstrong World Industries by 44.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,966 shares of the construction company's stock worth $278,000 after buying an additional 602 shares during the last quarter. Argent Trust Co lifted its position in Armstrong World Industries by 25.7% in the 4th quarter. Argent Trust Co now owns 3,331 shares of the construction company's stock valued at $471,000 after purchasing an additional 680 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Armstrong World Industries by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,106 shares of the construction company's stock valued at $2,700,000 after buying an additional 120 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in Armstrong World Industries in the 4th quarter valued at about $1,560,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Analyst Ratings Changes

AWI has been the topic of several research analyst reports. UBS Group lifted their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Truist Financial increased 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 note on Thursday, February 27th. Finally, The Goldman Sachs Group lifted 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 report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $153.33.

Armstrong World Industries Stock Performance

NYSE:AWI traded up $2.08 during mid-day trading on Tuesday, hitting $132.13. 46,836 shares of the company's stock traded hands, compared to its average volume of 304,974. The firm has a 50 day moving average of $142.28 and a two-hundred day moving average of $145.92. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. During the same quarter in the previous year, the firm posted $1.22 EPS. The business's revenue was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.308 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.93%. Armstrong World Industries's dividend payout ratio (DPR) is currently 20.40%.

About Armstrong World Industries

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.