SG Americas Securities LLC Purchases 6,251 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

SG Americas Securities LLC raised its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 639.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,228 shares of the construction company’s stock after buying an additional 6,251 shares during the quarter. SG Americas Securities LLC’s holdings in Armstrong World Industries were worth $1,022,000 as of its most recent SEC filing.

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

Armstrong World Industries Trading Up 0.5 %

Shares of Armstrong World Industries stock opened at $149.79 on Wednesday. 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, Inc. has a 12-month low of $98.47 and a 12-month high of $164.40. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.75 and a beta of 1.18. The firm’s 50-day moving average price is $150.04 and its two-hundred day moving average price is $138.33.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $1.60 EPS. On average, analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AWI has been the topic of several research reports. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Loop Capital increased 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 note on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Truist Financial upped their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Evercore ISI lifted their target price on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.