Tudor Investment Corp ET AL Invests $249,000 in Armstrong World Industries, Inc. (NYSE:AWI)

Tudor Investment Corp ET AL purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,764 shares of the construction company's stock, valued at approximately $249,000.

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

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock traded up $4.20 during midday trading on Monday, hitting $156.33. The company had a trading volume of 292,580 shares, compared to its average volume of 276,492. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 1.60 and a beta of 1.36. 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 fifty day simple moving average of $140.38 and a 200 day simple moving average of $146.72. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $382.70 million during the quarter, compared to analyst estimates of $370.71 million. During the same period last year, the firm posted $1.38 EPS. Armstrong World Industries's revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's dividend payout ratio is presently 19.68%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective 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. Loop Capital decreased their price target on shares of Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. UBS Group increased their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Armstrong World Industries has an average rating of "Hold" and an average price target of $155.50.

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.