Mutual of America Capital Management LLC Acquires Shares of 7,733 Armstrong World Industries, Inc. (NYSE:AWI)

Mutual of America Capital Management LLC acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,733 shares of the construction company's stock, valued at approximately $760,000.

Other hedge funds also recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new stake in Armstrong World Industries during the 3rd quarter worth approximately $1,630,000. State of Alaska Department of Revenue lifted its holdings in Armstrong World Industries by 211.3% during the 4th quarter. State of Alaska Department of Revenue now owns 40,042 shares of the construction company's stock worth $3,936,000 after purchasing an additional 27,179 shares during the last quarter. Barclays PLC lifted its holdings in Armstrong World Industries by 42.2% during the 3rd quarter. Barclays PLC now owns 24,225 shares of the construction company's stock worth $1,743,000 after purchasing an additional 7,186 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Armstrong World Industries during the 3rd quarter worth $244,000. Finally, Oak Thistle LLC increased its stake in Armstrong World Industries by 43.0% during the 4th quarter. Oak Thistle LLC now owns 5,190 shares of the construction company's stock worth $510,000 after acquiring an additional 1,560 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Trading Up 1.5 %

AWI traded up $1.77 during midday trading on Tuesday, hitting $116.48. 270,022 shares of the company were exchanged, compared to its average volume of 370,139. The firm has a market capitalization of $5.10 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.75 and a beta of 1.12. Armstrong World Industries, Inc. has a 1-year low of $62.03 and a 1-year high of $125.56. The firm's 50 day moving average price is $119.44 and its 200-day moving average price is $100.03. The company has a quick ratio of 1.07, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

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

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Wednesday, February 28th. Armstrong World Industries's dividend payout ratio (DPR) is currently 22.40%.

Analyst Ratings Changes

A number of research firms have commented on AWI. The Goldman Sachs Group raised their price objective on Armstrong World Industries from $111.00 to $132.00 and gave the stock a "buy" rating in a research note on Wednesday, February 21st. UBS Group upgraded Armstrong World Industries from a "sell" rating to a "neutral" rating and lifted their price target for the company from $75.00 to $103.00 in a research note on Thursday, January 4th. StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Thursday, March 28th. Finally, Truist Financial lifted their price target on Armstrong World Industries from $95.00 to $131.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $100.17.

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.