Tealwood Asset Management Inc. Boosts Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Tealwood Asset Management Inc. grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,287 shares of the construction company’s stock after purchasing an additional 71 shares during the period. Tealwood Asset Management Inc.’s holdings in Armstrong World Industries were worth $1,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new stake in Armstrong World Industries during the 3rd quarter valued at about $26,000. V Square Quantitative Management LLC purchased a new stake in shares of Armstrong World Industries in the third quarter valued at approximately $31,000. ORG Wealth Partners LLC purchased a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $32,000. Fortitude Family Office LLC bought a new position in Armstrong World Industries in the fourth quarter worth approximately $33,000. Finally, Point72 DIFC Ltd purchased a new position in Armstrong World Industries during the 3rd quarter worth $47,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Trading Up 1.3 %

NYSE AWI opened at $142.84 on Tuesday. The firm has a market cap of $6.23 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18. Armstrong World Industries, Inc. has a 52 week low of $96.69 and a 52 week high of $164.40. 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 50 day moving average price of $150.89 and a 200 day moving average price of $135.57.

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

Armstrong World Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.308 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 dividend on an annualized basis and a yield of 0.86%. Armstrong World Industries’s dividend payout ratio (DPR) is 21.69%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AWI shares. Evercore ISI increased their price target 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. Truist Financial increased their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Loop Capital upped their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” 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 company’s stock. Based on data from MarketBeat, Armstrong World Industries currently has a consensus rating of “Hold” and an average 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.