2,392 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,392 shares of the construction company's stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Quent Capital LLC raised its holdings in 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 acquiring an additional 170 shares during the last quarter. Twin Tree Management LP purchased a new stake in Armstrong World Industries in the 4th quarter valued at $43,000. Farther Finance Advisors LLC increased its stake in shares of Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after acquiring an additional 202 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Armstrong World Industries by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock valued at $80,000 after acquiring an additional 376 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $114,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target 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. Bank of America increased 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, May 15th. Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Truist Financial increased their price target on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, UBS Group upped their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $157.57.

Armstrong World Industries Stock Down 0.5%

Shares of NYSE AWI traded down $0.79 during midday trading on Friday, hitting $154.40. 175,885 shares of the company's stock were exchanged, compared to its average volume of 275,741. The company has a market cap of $6.71 billion, a PE ratio of 27.23, a P/E/G ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. 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 simple moving average is $143.10 and its 200-day simple moving average is $147.66.

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

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.308 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a yield of 0.80%. Armstrong World Industries's dividend payout ratio (DPR) is presently 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.