2,000 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Acquired by Crestline Management LP

Crestline Management LP bought a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the construction company's stock, valued at approximately $283,000.

Other large investors have also made changes to their positions in the company. Quent Capital LLC boosted its stake in shares of Armstrong World Industries by 288.1% in the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after purchasing an additional 170 shares during the last quarter. Twin Tree Management LP acquired a new stake in Armstrong World Industries during the 4th quarter worth approximately $43,000. Farther Finance Advisors LLC lifted its position in shares of Armstrong World Industries by 90.2% in the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after purchasing an additional 202 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Armstrong World Industries by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock worth $80,000 after buying an additional 376 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in Armstrong World Industries by 107.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 674 shares of the construction company's stock worth $95,000 after buying an additional 349 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Wall Street Analyst Weigh In

AWI has been the topic of several analyst reports. Loop Capital cut their price target on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Bank of America upped their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday. The Goldman Sachs Group upped their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a report on Friday, February 28th. Truist Financial upped their target price 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. Finally, StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $157.57.

Armstrong World Industries Stock Performance

AWI traded up $1.23 on Friday, reaching $160.16. The company had a trading volume of 213,620 shares, compared to its average volume of 275,824. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The stock has a market cap of $6.96 billion, a P/E ratio of 28.25, a P/E/G ratio of 1.60 and a beta of 1.36. The company's fifty day moving average is $141.38 and its 200 day moving average is $147.20. 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 announced its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business had revenue of $382.70 million for the quarter, compared to analyst estimates of $370.71 million. During the same quarter in the prior year, the business earned $1.38 EPS. Armstrong World Industries's quarterly revenue was up 17.3% on a year-over-year basis. As a group, analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.308 per share. The ex-dividend date 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 payout ratio is presently 19.68%.

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.