MML Investors Services LLC Purchases 3,270 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

MML Investors Services LLC raised its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,807 shares of the construction company's stock after purchasing an additional 3,270 shares during the period. MML Investors Services LLC owned approximately 0.07% of Armstrong World Industries worth $4,071,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Armstrong World Industries in the 4th quarter valued at about $198,000. Farringdon Capital Ltd. acquired a new stake in Armstrong World Industries in the 4th quarter valued at approximately $668,000. NewEdge Advisors LLC lifted its stake in Armstrong World Industries by 9,641.9% in the 4th quarter. NewEdge Advisors LLC now owns 4,189 shares of the construction company's stock valued at $592,000 after acquiring an additional 4,146 shares in the last quarter. Jump Financial LLC boosted its position in Armstrong World Industries by 29.1% during the 4th quarter. Jump Financial LLC now owns 25,805 shares of the construction company's stock worth $3,647,000 after acquiring an additional 5,815 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Armstrong World Industries during the 4th quarter worth approximately $903,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, February 28th. UBS Group raised their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Loop Capital dropped their target price on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a report on Wednesday. Truist Financial boosted their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, StockNews.com downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $155.50.

Armstrong World Industries Stock Performance

NYSE AWI traded up $2.59 during trading on Thursday, reaching $147.61. 77,452 shares of the company's stock were exchanged, compared to its average volume of 273,471. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The stock has a market capitalization of $6.42 billion, a P/E ratio of 26.09, a PEG ratio of 1.60 and a beta of 1.20. The business has a 50 day moving average price of $140.45 and a 200-day moving average price of $145.98. 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 (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.11. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $382.70 million for the quarter, compared to analysts' expectations of $370.71 million. During the same quarter in the prior year, the business earned $1.38 EPS. The firm's revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently announced 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. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's dividend payout ratio is presently 20.40%.

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.