Stifel Financial Corp Increases Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Stifel Financial Corp increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,531 shares of the construction company's stock after buying an additional 7,935 shares during the period. Stifel Financial Corp owned 0.25% of Armstrong World Industries worth $15,197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AWI. ORG Wealth Partners LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $32,000. Quent Capital LLC grew its holdings in Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock worth $32,000 after acquiring an additional 170 shares during the last quarter. Fortitude Family Office LLC bought a new position in Armstrong World Industries during the 4th quarter worth $33,000. Twin Tree Management LP acquired a new position in shares of Armstrong World Industries in the fourth quarter worth approximately $43,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock valued at $60,000 after purchasing an additional 202 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AWI. StockNews.com downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. UBS Group upped 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. Loop Capital decreased their price objective on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday. Truist Financial increased their price target 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. Finally, The Goldman Sachs Group boosted their target price on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Five equities 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, Armstrong World Industries currently has a consensus rating of "Hold" and an average price target of $155.50.

Armstrong World Industries Price Performance

AWI stock traded up $2.60 during midday trading on Friday, reaching $149.41. The company had a trading volume of 126,564 shares, compared to its average volume of 273,906. The firm has a 50-day moving average price of $140.47 and a 200-day moving average price of $146.04. The company has a market capitalization of $6.49 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.60 and a beta of 1.20. 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.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, topping 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 company had revenue of $382.70 million during the quarter, compared to the consensus estimate of $370.71 million. During the same quarter in the previous year, the company posted $1.38 EPS. Armstrong World Industries's quarterly revenue was up 17.3% compared to the same quarter last year. 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 Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.82%. Armstrong World Industries's dividend payout ratio (DPR) is currently 20.40%.

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.