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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 about 0.44% of Armstrong World Industries worth $26,907,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AWI. Quent Capital LLC raised its holdings in Armstrong World Industries by 288.1% during 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 last quarter. Twin Tree Management LP acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $43,000. Farther Finance Advisors LLC grew its position in shares of Armstrong World Industries by 90.2% during 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 period. Smartleaf Asset Management LLC grew its position in shares of Armstrong World Industries by 196.9% during the 4th 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 period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $114,000. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Down 0.2%

NYSE AWI traded down $0.35 during mid-day trading on Friday, hitting $155.63. The company's stock had a trading volume of 187,794 shares, compared to its average volume of 275,527. The company's 50 day simple moving average is $144.34 and its 200 day simple moving average is $147.68. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve 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 firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.60 and a beta of 1.36.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted 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. The firm had revenue of $382.70 million for 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 business's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 EPS. Analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Loop Capital reduced 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. Truist Financial raised their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. 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 research report on Thursday, May 15th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.