Foundation Wealth Management LLC PA Invests $220,000 in Armstrong World Industries, Inc. (NYSE:AWI)

Foundation Wealth Management LLC PA bought a new position in Armstrong World Industries, Inc. (NYSE:AWI) during the 4th quarter, Holdings Channel reports. The firm bought 1,554 shares of the construction company’s stock, valued at approximately $220,000.

A number of other large investors have also bought and sold shares of AWI. Madison Investment Advisors LLC acquired a new position in Armstrong World Industries in the fourth quarter worth $75,242,000. Raymond James Financial Inc. acquired a new position in Armstrong World Industries during the 4th quarter worth about $8,375,000. State Street Corp grew its holdings in Armstrong World Industries by 3.7% during the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock worth $191,119,000 after acquiring an additional 51,839 shares during the last quarter. Vanguard Group Inc. increased its position in Armstrong World Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company’s stock valued at $656,922,000 after acquiring an additional 34,579 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Armstrong World Industries by 4.2% in the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after acquiring an additional 34,028 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $144.48 on Thursday. The stock has a market cap of $6.28 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The stock has a 50-day moving average of $148.53 and a 200-day moving average of $145.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share 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 analyst estimates of $364.98 million. During the same period last year, the business posted $1.22 earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.308 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.85%. Armstrong World Industries’s payout ratio is 20.40%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial raised their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. The Goldman Sachs Group boosted their target price on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, UBS Group boosted their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $153.33.

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.