Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 137.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,334 shares of the construction company's stock after purchasing an additional 1,931 shares during the period. Tower Research Capital LLC TRC's holdings in Armstrong World Industries were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in AWI. Principal Securities Inc. grew its stake in shares of Armstrong World Industries by 11.1% in the fourth quarter. Principal Securities Inc. now owns 2,751 shares of the construction company's stock valued at $389,000 after buying an additional 274 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Armstrong World Industries by 8.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,184 shares of the construction company's stock valued at $874,000 after acquiring an additional 456 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Armstrong World Industries by 11.4% during the fourth quarter. Blue Trust Inc. now owns 1,591 shares of the construction company's stock valued at $209,000 after purchasing an additional 163 shares during the period. SG Americas Securities LLC lifted its position in shares of Armstrong World Industries by 639.8% during the fourth quarter. SG Americas Securities LLC now owns 7,228 shares of the construction company's stock worth $1,022,000 after purchasing an additional 6,251 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Armstrong World Industries by 7.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,565 shares of the construction company's stock valued at $1,069,000 after purchasing an additional 555 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on AWI. Loop Capital cut their price objective on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a report on Wednesday. StockNews.com downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. UBS Group lifted their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Truist Financial increased their target price on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group lifted 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 note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Armstrong World Industries currently has an average rating of "Hold" and an average target price of $155.50.

Armstrong World Industries Stock Performance

Shares of AWI traded up $2.96 during mid-day trading on Friday, hitting $149.77. The stock had a trading volume of 389,230 shares, compared to its average volume of 274,164. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.50 billion, a PE ratio of 26.41, a PEG ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The company's fifty day simple moving average is $140.41 and its two-hundred day simple moving average is $146.12.

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, beating the consensus estimate of $1.55 by $0.11. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $382.70 million during the quarter, compared to analyst estimates of $370.71 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The firm's revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

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 issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, May 8th. Armstrong World Industries's dividend payout ratio (DPR) is presently 19.68%.

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.