Moore Capital Management LP Takes $3.29 Million Position in Armstrong World Industries, Inc. (NYSE:AWI)

Moore Capital Management LP purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 23,240 shares of the construction company's stock, valued at approximately $3,285,000. Moore Capital Management LP owned about 0.05% of Armstrong World Industries as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Armstrong World Industries during the 4th quarter valued at $467,000. Jefferies Financial Group Inc. purchased a new position in Armstrong World Industries in the 4th quarter valued at about $338,000. Gotham Asset Management LLC boosted its position in Armstrong World Industries by 48.9% in the 4th quarter. Gotham Asset Management LLC now owns 4,027 shares of the construction company's stock valued at $569,000 after buying an additional 1,323 shares during the last quarter. Graham Capital Management L.P. lifted its position in shares of Armstrong World Industries by 123.4% during the fourth quarter. Graham Capital Management L.P. now owns 21,027 shares of the construction company's stock worth $2,972,000 after purchasing an additional 11,614 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Armstrong World Industries by 48.8% during the fourth quarter. Deutsche Bank AG now owns 39,402 shares of the construction company's stock worth $5,569,000 after purchasing an additional 12,927 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AWI. UBS Group increased their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Truist Financial increased their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Bank of America increased their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Stock Performance

AWI traded up $1.23 on Friday, hitting $160.16. 213,620 shares of the company's stock were exchanged, compared to its average volume of 276,361. The firm has a market cap of $6.96 billion, a PE ratio of 28.25, a P/E/G ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The stock has a fifty day moving average of $141.01 and a two-hundred day moving average of $147.02. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.11. The firm 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%. Armstrong World Industries's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share. On average, research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company 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 0.77%. Armstrong World Industries's payout ratio is currently 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.