22,100 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,100 shares of the construction company's stock, valued at approximately $2,173,000. Louisiana State Employees Retirement System owned 0.05% of Armstrong World Industries as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of Armstrong World Industries by 2.0% during the second quarter. UBS Group AG now owns 6,401 shares of the construction company's stock worth $480,000 after acquiring an additional 123 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Armstrong World Industries by 4.3% in the second quarter. Captrust Financial Advisors now owns 3,317 shares of the construction company's stock valued at $249,000 after purchasing an additional 136 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Armstrong World Industries by 1.1% during the third quarter. HighTower Advisors LLC now owns 13,733 shares of the construction company's stock worth $986,000 after buying an additional 143 shares during the period. LPL Financial LLC grew its holdings in shares of Armstrong World Industries by 1.2% during the third quarter. LPL Financial LLC now owns 12,497 shares of the construction company's stock worth $900,000 after buying an additional 153 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Armstrong World Industries by 3.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,291 shares of the construction company's stock valued at $309,000 after buying an additional 159 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

NYSE AWI traded down $0.88 during trading on Thursday, reaching $113.81. 200,846 shares of the company's stock were exchanged, compared to its average volume of 374,474. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.07. The business has a 50 day moving average price of $118.83 and a 200-day moving average price of $98.70. The stock has a market capitalization of $4.99 billion, a P/E ratio of 22.76, a PEG ratio of 1.77 and a beta of 1.12. Armstrong World Industries, Inc. has a fifty-two week low of $62.03 and a fifty-two week high of $125.56.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.18. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. The business had revenue of $312.30 million for the quarter, compared to analyst estimates of $305.44 million. During the same period in the previous year, the firm earned $1.08 EPS. The firm's revenue was up 2.6% compared to the same quarter last year. Sell-side analysts forecast that Armstrong World Industries, Inc. will post 5.74 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, February 28th. Armstrong World Industries's payout ratio is 22.40%.

Analysts Set New Price Targets

AWI has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of Armstrong World Industries from $111.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. Truist Financial increased their price objective on shares of Armstrong World Industries from $95.00 to $131.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Thursday, March 28th. Finally, UBS Group raised Armstrong World Industries from a "sell" rating to a "neutral" rating and increased their price target for the company from $75.00 to $103.00 in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $98.29.

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.