Cubist Systematic Strategies LLC Has $2.82 Million Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Cubist Systematic Strategies LLC boosted its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 102.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,965 shares of the construction company's stock after buying an additional 10,094 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Armstrong World Industries were worth $2,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AWI. Madison Investment Advisors LLC acquired a new position in shares of Armstrong World Industries during the 4th quarter worth $75,242,000. Norges Bank acquired a new position in Armstrong World Industries in the 4th quarter valued at $71,822,000. Adage Capital Partners GP L.L.C. grew its stake in Armstrong World Industries by 140.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock valued at $94,126,000 after buying an additional 389,000 shares during the last quarter. Alyeska Investment Group L.P. grew its stake 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 buying an additional 387,537 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Armstrong World Industries by 25.4% in the 4th quarter. Invesco Ltd. now owns 507,843 shares of the construction company's stock valued at $71,773,000 after buying an additional 102,895 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AWI. StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Loop Capital lowered their target price on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Truist Financial raised 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. Bank of America raised their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, UBS Group raised their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $157.57.

Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock traded up $1.23 during trading on Friday, hitting $160.16. 50,644 shares of the company's stock traded hands, compared to its average volume of 276,123. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The firm's fifty day moving average price is $141.01 and its 200 day moving average price is $147.02. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The company has a market cap of $6.96 billion, a PE ratio of 28.24, a PEG ratio of 1.60 and a beta of 1.36.

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 for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $1.38 EPS. The firm's revenue was up 17.3% on a year-over-year basis. Analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

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

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.