6,620 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Purchased by Algert Global LLC

Algert Global LLC bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 6,620 shares of the construction company's stock, valued at approximately $936,000.

Several other institutional investors also recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its position in Armstrong World Industries by 267.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock valued at $75,273,000 after acquiring an additional 387,537 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Armstrong World Industries during the fourth quarter worth approximately $275,000. Northern Trust Corp increased its position in Armstrong World Industries by 23.4% during the fourth quarter. Northern Trust Corp now owns 289,289 shares of the construction company's stock worth $40,885,000 after buying an additional 54,923 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Armstrong World Industries in the fourth quarter valued at approximately $249,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Armstrong World Industries in the fourth quarter valued at approximately $208,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Price Performance

Shares of AWI stock traded up $1.09 during mid-day trading on Friday, hitting $160.02. 30,438 shares of the stock traded hands, compared to its average volume of 276,041. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The company's 50-day simple moving average is $141.01 and its 200-day simple moving average is $147.02. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.11. The business had revenue of $382.70 million for the quarter, compared to analysts' expectations of $370.71 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. As a group, equities research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.77%. Armstrong World Industries's dividend payout ratio is 19.68%.

Analyst Upgrades and Downgrades

AWI has been the topic of a number of recent analyst reports. Truist Financial upped their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. UBS Group increased their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Bank of America increased their price target on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday. StockNews.com downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Loop Capital reduced their target price on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Five 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.com, Armstrong World Industries presently has an average rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Company 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.