Jefferies Financial Group Inc. Acquires Shares of 2,392 Armstrong World Industries, Inc. (NYSE:AWI)

Jefferies Financial Group Inc. purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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 AWI. Arizona State Retirement System increased its holdings in Armstrong World Industries by 0.7% during the 4th quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock worth $1,792,000 after acquiring an additional 82 shares during the period. Blue Trust Inc. grew its position in shares of Armstrong World Industries by 6.7% during the 4th quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock valued at $215,000 after purchasing an additional 95 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Armstrong World Industries by 1.7% during the 4th quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock valued at $865,000 after purchasing an additional 97 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Armstrong World Industries by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 19,106 shares of the construction company's stock worth $2,700,000 after purchasing an additional 120 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Armstrong World Industries by 8.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,858 shares of the construction company's stock worth $263,000 after purchasing an additional 140 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Bank of America lifted their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Loop Capital dropped their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group upped their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. 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. Finally, UBS Group boosted 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 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $157.57.

Armstrong World Industries Price Performance

Shares of NYSE AWI traded down $0.16 during trading hours on Tuesday, reaching $159.57. 228,289 shares of the stock traded hands, compared to its average volume of 276,082. The company's 50-day simple moving average is $142.25 and its two-hundred day simple moving average is $147.47. The company has a market capitalization of $6.93 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.55 by $0.11. The firm had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business's revenue was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. Equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS 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. Shareholders of record on Thursday, May 8th will be given a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.23 annualized dividend and a yield of 0.77%. Armstrong World Industries's payout ratio is 19.68%.

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.