2,666 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in Armstrong World Industries, Inc. (NYSE:AWI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,666 shares of the construction company’s stock, valued at approximately $377,000.

A number of other hedge funds have also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in Armstrong World Industries in the 4th quarter valued at approximately $32,000. Quent Capital LLC raised its stake in shares of Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after acquiring an additional 170 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of Armstrong World Industries in the fourth quarter worth $33,000. Twin Tree Management LP bought a new stake in shares of Armstrong World Industries in the fourth quarter worth $43,000. Finally, Point72 DIFC Ltd acquired a new stake in Armstrong World Industries in the third quarter valued at $47,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Up 0.5 %

Armstrong World Industries stock opened at $141.56 on Wednesday. The company has a market capitalization of $6.15 billion, a PE ratio of 24.97, a PEG ratio of 1.60 and a beta of 1.25. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40. The firm’s fifty day moving average is $147.92 and its 200 day moving average is $145.84. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $367.70 million for the quarter, compared to analysts’ expectations of $364.98 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The business’s revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, March 6th. Armstrong World Industries’s payout ratio is 20.40%.

Analyst Upgrades and Downgrades

AWI has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 28th. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Truist Financial increased their target price 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, UBS Group upped their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $153.33.

Armstrong World Industries 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.