ORG Wealth Partners LLC Invests $32,000 in Armstrong World Industries, Inc. (NYSE:AWI)

ORG Wealth Partners LLC purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI) in the fourth quarter, Holdings Channel.com reports. The fund purchased 223 shares of the construction company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fortitude Family Office LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter valued at approximately $33,000. GAMMA Investing LLC raised its holdings in Armstrong World Industries by 20.7% during the fourth quarter. GAMMA Investing LLC now owns 1,839 shares of the construction company’s stock worth $260,000 after purchasing an additional 316 shares during the last quarter. Franklin Resources Inc. boosted its position in Armstrong World Industries by 53.0% during the third quarter. Franklin Resources Inc. now owns 22,982 shares of the construction company’s stock worth $3,175,000 after purchasing an additional 7,958 shares in the last quarter. Tidal Investments LLC grew its holdings in Armstrong World Industries by 8.0% in the third quarter. Tidal Investments LLC now owns 5,141 shares of the construction company’s stock valued at $676,000 after purchasing an additional 381 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Armstrong World Industries by 21.8% in the third quarter. Sanctuary Advisors LLC now owns 5,590 shares of the construction company’s stock valued at $735,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 1.0 %

Shares of NYSE AWI opened at $141.25 on Friday. The firm’s 50 day moving average price is $150.88 and its 200 day moving average price is $134.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market cap of $6.16 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18. Armstrong World Industries, Inc. has a 1 year low of $96.69 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. The business had revenue of $386.60 million for the quarter, compared to analysts’ expectations of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 earnings per share. As a group, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a dividend of $0.308 per share. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, November 7th. Armstrong World Industries’s dividend payout ratio is presently 21.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Loop Capital boosted their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, UBS Group increased their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Armstrong World Industries has a consensus rating of “Hold” and a consensus target price of $140.83.

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.