Captrust Financial Advisors Buys Shares of 3,274 Armstrong World Industries, Inc. (NYSE:AWI)

Captrust Financial Advisors bought a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,274 shares of the construction company's stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AWI. Madison Investment Advisors LLC acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $75,242,000. Norges Bank acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at $71,822,000. Adage Capital Partners GP L.L.C. raised its stake in shares of Armstrong World Industries by 140.4% in the fourth 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 acquiring an additional 389,000 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Armstrong World Industries by 267.1% in the fourth 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 in the last quarter. Finally, Invesco Ltd. raised its stake in Armstrong World Industries by 25.4% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Loop Capital cut their target price on 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. Truist Financial lifted their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wall Street Zen lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. UBS Group upped their target price on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, Bank of America boosted 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, May 15th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Price Performance

Shares of NYSE AWI traded down $0.79 during trading on Friday, hitting $154.40. The company had a trading volume of 175,885 shares, compared to its average volume of 276,201. The company has a market cap of $6.71 billion, a P/E ratio of 27.23, a PEG 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 business's 50-day moving average is $143.10 and its 200 day moving average is $147.62. 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 released its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. The business 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%. Armstrong World Industries's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS. Equities research 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.308 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. 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.