GAMMA Investing LLC Purchases 316 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

GAMMA Investing LLC boosted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,839 shares of the construction company’s stock after purchasing an additional 316 shares during the period. GAMMA Investing LLC’s holdings in Armstrong World Industries were worth $260,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Armstrong World Industries in the third quarter valued at $26,000. V Square Quantitative Management LLC acquired a new stake in shares of Armstrong World Industries in the third quarter valued at about $31,000. Allspring Global Investments Holdings LLC raised its position in shares of Armstrong World Industries by 41.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company’s stock worth $35,000 after acquiring an additional 89 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Armstrong World Industries in the third quarter worth approximately $47,000. Finally, UMB Bank n.a. boosted its holdings in Armstrong World Industries by 53.7% in the third quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock valued at $58,000 after acquiring an additional 153 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Down 1.4 %

Armstrong World Industries stock opened at $140.74 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average price is $150.77 and its two-hundred day moving average price is $134.74. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 24.82, 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 released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. On average, equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were paid a dividend of $0.308 per share. The ex-dividend date was Thursday, November 7th. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 0.88%. Armstrong World Industries’s dividend payout ratio (DPR) is 21.69%.

Analysts Set New Price Targets

Several research firms have issued reports on AWI. Truist Financial raised their price target 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. Evercore ISI boosted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Loop Capital upped their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, UBS Group raised their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $140.83.

About Armstrong World Industries

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.