NBC Securities Inc. Purchases 3,770 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

NBC Securities Inc. grew its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 125,666.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,773 shares of the construction company's stock after buying an additional 3,770 shares during the quarter. NBC Securities Inc.'s holdings in Armstrong World Industries were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quent Capital LLC increased its position in shares of Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after acquiring an additional 170 shares during the last quarter. Twin Tree Management LP bought a new position in Armstrong World Industries in the 4th quarter valued at $43,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Armstrong World Industries by 652.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the construction company's stock valued at $47,000 after purchasing an additional 287 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Armstrong World Industries during the 1st quarter worth $54,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

Shares of NYSE AWI traded down $0.18 during midday trading on Monday, hitting $154.62. The company's stock had a trading volume of 329,324 shares, compared to its average volume of 273,908. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 1.60 and a beta of 1.38. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $145.62 and a 200 day moving average price of $147.67. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) 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 analysts' expectations of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 EPS. On average, research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS 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. Investors 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 dividend on an annualized basis and a yield of 0.80%. Armstrong World Industries's dividend payout ratio (DPR) is 19.68%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AWI. Bank of America raised their price objective on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note 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 stock a "buy" rating in a report on Friday, February 28th. Truist Financial increased 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. Finally, UBS Group boosted 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.