Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. boosted its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 123.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,027 shares of the construction company's stock after acquiring an additional 11,614 shares during the period. Graham Capital Management L.P.'s holdings in Armstrong World Industries were worth $2,972,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AWI. ORG Wealth Partners LLC purchased a new stake in Armstrong World Industries in the fourth quarter valued at approximately $32,000. 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 worth $32,000 after acquiring an additional 170 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of Armstrong World Industries during the fourth quarter worth $33,000. Twin Tree Management LP purchased a new position in Armstrong World Industries in the fourth quarter valued at $43,000. Finally, Farther Finance Advisors LLC increased its holdings in Armstrong World Industries by 90.2% in the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock valued at $60,000 after buying an additional 202 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on AWI. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Truist Financial raised their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. 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. Bank of America raised their price objective on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their price objective 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. According to data from MarketBeat, Armstrong World Industries currently has an average rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Trading Up 0.7%

AWI stock traded up $1.05 during midday trading on Friday, hitting $159.98. The stock had a trading volume of 53,450 shares, compared to its average volume of 276,134. The firm has a market cap of $6.95 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40. The company's 50-day moving average price is $141.01 and its 200 day moving average price is $147.02.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.55 by $0.11. The firm had revenue of $382.70 million during 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%. Armstrong World Industries's revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.38 EPS. On average, equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.308 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.77%. Armstrong World Industries's dividend payout ratio is presently 19.68%.

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.