Universal Beteiligungs und Servicegesellschaft mbH Makes New $3.47 Million Investment in Armstrong World Industries, Inc. (NYSE:AWI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,637 shares of the construction company's stock, valued at approximately $3,471,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Armstrong World Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AWI. American Century Companies Inc. boosted its holdings in shares of Armstrong World Industries by 13.1% in the fourth quarter. American Century Companies Inc. now owns 89,549 shares of the construction company's stock valued at $12,656,000 after buying an additional 10,340 shares during the period. LPL Financial LLC boosted its holdings in shares of Armstrong World Industries by 95.9% in the fourth quarter. LPL Financial LLC now owns 30,974 shares of the construction company's stock valued at $4,378,000 after buying an additional 15,162 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Armstrong World Industries by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock valued at $656,922,000 after buying an additional 34,579 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Armstrong World Industries by 29.1% in the fourth quarter. JPMorgan Chase & Co. now owns 63,244 shares of the construction company's stock valued at $8,938,000 after buying an additional 14,247 shares during the period. Finally, Norges Bank acquired a new position in shares of Armstrong World Industries in the fourth quarter valued at approximately $71,822,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Stock Down 0.2%

AWI traded down $0.35 during trading hours on Friday, hitting $187.83. 122,717 shares of the company's stock were exchanged, compared to its average volume of 315,897. Armstrong World Industries, Inc. has a 1-year low of $117.92 and a 1-year high of $191.74. The stock's 50-day moving average is $161.86 and its two-hundred day moving average is $151.40. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.32 and a beta of 1.37. The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 0.59.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.34. Armstrong World Industries had a net margin of 18.95% and a return on equity of 39.80%. The firm had revenue of $424.60 million for the quarter, compared to analyst estimates of $404.05 million. During the same period in the prior year, the firm posted $1.62 earnings per share. The company's quarterly revenue was up 16.3% compared to the same quarter last year. Sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 7th. Armstrong World Industries's dividend payout ratio is 18.20%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AWI shares. Loop Capital set a $190.00 price target on shares of Armstrong World Industries and gave the company a "hold" rating in a report on Wednesday. JPMorgan Chase & Co. started coverage on shares of Armstrong World Industries in a report on Tuesday, June 24th. They issued an "overweight" rating and a $200.00 price target for the company. Wall Street Zen upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Truist Financial set a $195.00 target price on shares of Armstrong World Industries and gave the stock a "buy" rating in a report on Wednesday. Finally, Bank of America increased their target price 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Armstrong World Industries presently has an average rating of "Moderate Buy" and a consensus price target of $177.13.

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.