5,024 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,024 shares of the construction company's stock, valued at approximately $710,000.

A number of other institutional investors also recently made changes to their positions in AWI. Park Avenue Securities LLC raised its position in shares of Armstrong World Industries by 21.7% in the fourth quarter. Park Avenue Securities LLC now owns 8,087 shares of the construction company's stock valued at $1,143,000 after buying an additional 1,441 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Armstrong World Industries by 10.9% in the fourth quarter. Ballentine Partners LLC now owns 1,918 shares of the construction company's stock valued at $271,000 after buying an additional 188 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Armstrong World Industries by 639.8% in the fourth quarter. SG Americas Securities LLC now owns 7,228 shares of the construction company's stock valued at $1,022,000 after buying an additional 6,251 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $233,000. Finally, Blue Trust Inc. raised its position in shares of Armstrong World Industries by 11.4% in the fourth quarter. Blue Trust Inc. now owns 1,591 shares of the construction company's stock valued at $209,000 after buying an additional 163 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AWI. Truist Financial lifted their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. 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. UBS Group boosted their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, Loop Capital lowered their price objective on shares of 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Armstrong World Industries presently has a consensus rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Price Performance

AWI traded down $0.79 during trading on Friday, hitting $154.40. 175,885 shares of the stock traded hands, compared to its average volume of 276,201. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.60 and a beta of 1.36. 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 business has a 50 day moving average price of $143.10 and a 200 day moving average price of $147.62.

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 company had revenue of $382.70 million during 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 company's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. Equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently declared 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 of this dividend was Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries's dividend payout ratio (DPR) is presently 19.68%.

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.