Public Employees Retirement System of Ohio Purchases New Position in Armstrong World Industries, Inc. (NYSE:AWI)

Public Employees Retirement System of Ohio acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,455 shares of the construction company's stock, valued at approximately $2,326,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AWI. Quent Capital LLC raised 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 worth $32,000 after purchasing an additional 170 shares during the period. Twin Tree Management LP bought a new stake in Armstrong World Industries during the 4th quarter valued at $43,000. Farther Finance Advisors LLC boosted its stake in Armstrong World Industries by 90.2% during the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock valued at $60,000 after purchasing an additional 202 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Armstrong World Industries by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock worth $80,000 after buying an additional 376 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of Armstrong World Industries in the fourth quarter worth approximately $114,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

AWI stock traded up $0.92 during mid-day trading on Tuesday, hitting $154.98. The company had a trading volume of 95,564 shares, compared to its average volume of 303,888. The firm has a market cap of $6.73 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The stock's fifty day moving average price is $144.53 and its two-hundred day moving average price is $147.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.11. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. During the same quarter last year, the business posted $1.38 earnings per share. The firm's revenue was up 17.3% compared to the same quarter last year. On average, analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is currently 19.68%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AWI. Bank of America upped their target price on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. UBS Group increased their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. The Goldman Sachs Group lifted their target price 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. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company 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.