Graham Capital Management L.P. Raises Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Graham Capital Management L.P. increased its position 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 Securities and Exchange Commission. The institutional investor owned 21,027 shares of the construction company's stock after buying 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 quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AWI. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries in the fourth quarter valued at $32,000. Quent Capital LLC increased 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 buying an additional 170 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of Armstrong World Industries in the 4th quarter valued at about $33,000. Twin Tree Management LP purchased a new position in Armstrong World Industries in the fourth quarter worth about $43,000. Finally, Farther Finance Advisors LLC increased its stake in Armstrong World Industries by 90.2% during the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after acquiring an additional 202 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, February 28th. StockNews.com downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Loop Capital reduced their price target on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. UBS Group increased their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Finally, Truist Financial raised their price target on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Armstrong World Industries presently has an average rating of "Hold" and an average target price of $155.50.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $152.50 on Friday. The stock's 50-day moving average is $140.31 and its 200 day moving average is $146.54. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The company has a market cap of $6.62 billion, a P/E ratio of 26.90, a PEG ratio of 1.60 and a beta of 1.36.

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. 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 company's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is presently 19.68%.

Armstrong World Industries 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.

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