Armstrong World Industries, Inc. (NYSE:AWI) Stake Increased by Deutsche Bank AG

Deutsche Bank AG increased its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 48.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,402 shares of the construction company's stock after purchasing an additional 12,927 shares during the quarter. Deutsche Bank AG owned 0.09% of Armstrong World Industries worth $5,569,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AWI. Quent Capital LLC increased its holdings 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 in the last quarter. Twin Tree Management LP acquired a new stake in Armstrong World Industries in the 4th quarter valued at about $43,000. Farther Finance Advisors LLC grew its stake in Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock valued at $60,000 after acquiring an additional 202 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Armstrong World Industries by 196.9% in 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 acquired a new stake in Armstrong World Industries in the 4th quarter valued at about $114,000. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Trading Down 0.5%

NYSE AWI traded down $0.79 during mid-day trading on Friday, hitting $154.40. The company's stock had a trading volume of 175,885 shares, compared to its average volume of 276,201. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40. The stock's fifty day simple moving average is $143.10 and its two-hundred day simple moving average is $147.62. 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 has a market capitalization of $6.71 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36.

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, 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 firm had revenue of $382.70 million for the quarter, compared to analyst estimates of $370.71 million. During the same quarter last year, the firm posted $1.38 earnings per share. Armstrong World Industries's revenue for the quarter was up 17.3% compared to the same quarter last year. Research analysts expect 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 was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.308 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.23 annualized dividend and a yield of 0.80%. Armstrong World Industries's payout ratio is 19.68%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AWI. Truist Financial increased their price objective 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. The Goldman Sachs Group increased their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Loop Capital decreased 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 note on Wednesday, April 30th. Wall Street Zen cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, 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 note on Thursday, May 15th. Five 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.com, the company presently has a consensus rating of "Hold" and a consensus price target of $157.57.

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.