1,943 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,943 shares of the construction company's stock, valued at approximately $275,000.

A number of other hedge funds also recently bought and sold shares of the business. Tidal Investments LLC grew its position in shares of Armstrong World Industries by 8.0% in the third quarter. Tidal Investments LLC now owns 5,141 shares of the construction company's stock valued at $676,000 after purchasing an additional 381 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Armstrong World Industries by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 22,982 shares of the construction company's stock worth $3,175,000 after acquiring an additional 7,958 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Armstrong World Industries by 20.7% during the 4th quarter. GAMMA Investing LLC now owns 1,839 shares of the construction company's stock worth $260,000 after acquiring an additional 316 shares during the period. Fortitude Family Office LLC acquired a new position in shares of Armstrong World Industries during the 4th quarter valued at about $33,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AWI. Loop Capital reduced their target price 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. The Goldman Sachs Group increased their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. UBS Group increased their price target on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Truist Financial upped their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $155.50.

Armstrong World Industries Trading Up 2.0 %

Shares of AWI stock traded up $2.96 on Friday, hitting $149.77. The stock had a trading volume of 389,230 shares, compared to its average volume of 274,140. The company's 50 day moving average price is $140.41 and its 200-day moving average price is $146.15. 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 firm has a market capitalization of $6.50 billion, a P/E ratio of 26.41, a P/E/G ratio of 1.60 and a beta of 1.36.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued 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. The company had revenue of $382.70 million for the quarter, compared to analyst estimates 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 prior year, the firm earned $1.38 earnings per share. Analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current 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. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.82%. Armstrong World Industries's dividend payout ratio (DPR) is 19.68%.

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.