iSAM Funds UK Ltd Acquires Shares of 5,024 Armstrong World Industries, Inc. (NYSE:AWI)

iSAM Funds UK Ltd bought 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 and Exchange Commission. The firm bought 5,024 shares of the construction company's stock, valued at approximately $710,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. raised its holdings in Armstrong World Industries by 11.1% in the 4th quarter. Principal Securities Inc. now owns 2,751 shares of the construction company's stock valued at $389,000 after acquiring an additional 274 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Armstrong World Industries by 8.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,184 shares of the construction company's stock worth $874,000 after purchasing an additional 456 shares during the period. Blue Trust Inc. lifted its holdings in Armstrong World Industries by 11.4% during the 4th quarter. Blue Trust Inc. now owns 1,591 shares of the construction company's stock worth $209,000 after purchasing an additional 163 shares during the last quarter. SG Americas Securities LLC boosted its stake in Armstrong World Industries by 639.8% in the 4th quarter. SG Americas Securities LLC now owns 7,228 shares of the construction company's stock valued at $1,022,000 after purchasing an additional 6,251 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Armstrong World Industries by 7.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,565 shares of the construction company's stock valued at $1,069,000 after buying an additional 555 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AWI. StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. UBS Group boosted 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. The Goldman Sachs Group raised their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Loop Capital cut their target price 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. Finally, Truist Financial increased their target price on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $157.57.

Armstrong World Industries Stock Performance

NYSE:AWI opened at $159.82 on Tuesday. The stock's 50-day simple moving average is $141.78 and its 200 day simple moving average is $147.39. The firm has a market capitalization of $6.94 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. 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, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, beating 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%. Armstrong World Industries'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. On average, analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is presently 19.68%.

Armstrong World Industries 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.

Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries, Inc. (NYSE:AWI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.