Armstrong World Industries, Inc. (NYSE:AWI) Stock Holdings Boosted by Inceptionr LLC

Inceptionr LLC lifted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 55.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,827 shares of the construction company’s stock after acquiring an additional 3,492 shares during the period. Inceptionr LLC’s holdings in Armstrong World Industries were worth $1,389,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Armstrong World Industries in the 4th quarter valued at about $8,375,000. Arizona State Retirement System grew its position in Armstrong World Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 12,683 shares of the construction company’s stock valued at $1,792,000 after buying an additional 82 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Armstrong World Industries in the 4th quarter valued at about $4,135,000. Atria Investments Inc grew its position in Armstrong World Industries by 4.0% in the 4th quarter. Atria Investments Inc now owns 11,140 shares of the construction company’s stock valued at $1,574,000 after buying an additional 426 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Armstrong World Industries by 133.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,257 shares of the construction company’s stock valued at $178,000 after buying an additional 719 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AWI shares. The Goldman Sachs Group increased their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, February 28th. UBS Group increased their target price on shares of 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 downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Truist Financial raised their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $153.33.

Armstrong World Industries Stock Performance

NYSE:AWI opened at $152.77 on Thursday. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $148.34 and a 200-day moving average of $143.13. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, February 25th. The construction company reported $1.50 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 during the quarter, compared to analysts’ expectations of $364.98 million. During the same period last year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. Analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries’s payout ratio is 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.