UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Armstrong World Industries, Inc. (NYSE:AWI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,386 shares of the construction company's stock after purchasing an additional 32,221 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.44% of Armstrong World Industries worth $26,907,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Woodline Partners LP grew its position in Armstrong World Industries by 201.4% during the fourth quarter. Woodline Partners LP now owns 49,584 shares of the construction company's stock valued at $7,008,000 after buying an additional 33,133 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Armstrong World Industries during the fourth quarter worth about $710,000. Tidal Investments LLC increased its holdings in shares of Armstrong World Industries by 1.8% in the 4th quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock worth $740,000 after buying an additional 93 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of Armstrong World Industries by 8.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 2,856 shares of the construction company's stock worth $404,000 after purchasing an additional 221 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Armstrong World Industries by 11.7% during the fourth quarter. Royal Bank of Canada now owns 210,852 shares of the construction company's stock worth $29,799,000 after acquiring an additional 22,053 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Stock Down 0.2%

Armstrong World Industries stock traded down $0.35 during mid-day trading on Friday, hitting $155.63. The company had a trading volume of 187,285 shares, compared to its average volume of 275,055. The company has a market capitalization of $6.76 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40. 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's 50 day moving average price is $144.14 and its two-hundred day moving average price is $147.72.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. During the same period last year, the business posted $1.38 EPS. The company's revenue for the quarter was up 17.3% on a year-over-year basis. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.308 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a yield of 0.79%. Armstrong World Industries's dividend payout ratio is currently 19.68%.

Wall Street Analyst Weigh In

AWI has been the topic of a number of analyst reports. Truist Financial lifted their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Bank of America upped their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, May 15th. The Goldman Sachs Group raised 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. 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 note on Wednesday, April 30th. Finally, UBS Group increased their target price 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $157.57.

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.