Deutsche Bank AG Buys 12,927 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Deutsche Bank AG boosted its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 48.8% in the fourth quarter, according to the company in 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 period. 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 institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Armstrong World Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock worth $656,922,000 after purchasing an additional 34,579 shares in the last quarter. Geode Capital Management LLC increased its holdings in Armstrong World Industries by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock worth $125,444,000 after purchasing an additional 35,738 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings 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 worth $94,126,000 after purchasing an additional 389,000 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings 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 worth $75,273,000 after purchasing an additional 387,537 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in Armstrong World Industries in the 4th quarter worth about $75,242,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America increased their price target 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. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research note 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 note on Thursday, February 27th. UBS Group increased their price target 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, The Goldman Sachs Group increased their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $157.57.

Armstrong World Industries Trading Down 2.4%

Shares of Armstrong World Industries stock traded down $3.85 on Wednesday, hitting $155.65. 200,346 shares of the company's stock traded hands, compared to its average volume of 276,543. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year 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 company has a fifty day moving average of $142.56 and a two-hundred day moving average of $147.53. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36.

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

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.308 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.23 annualized dividend and a yield of 0.79%. Armstrong World Industries's payout ratio is currently 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.