Blue Trust Inc. Raises Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Blue Trust Inc. grew its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,523 shares of the construction company’s stock after purchasing an additional 95 shares during the period. Blue Trust Inc.’s holdings in Armstrong World Industries were worth $215,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC lifted its holdings in shares of Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after acquiring an additional 67,798 shares during the last quarter. State Street Corp lifted its holdings in shares of Armstrong World Industries by 3.7% in the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock valued at $191,119,000 after acquiring an additional 51,839 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Armstrong World Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock valued at $111,954,000 after acquiring an additional 34,028 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Armstrong World Industries by 48.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 95,567 shares of the construction company’s stock valued at $12,560,000 after acquiring an additional 31,251 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Armstrong World Industries by 166.2% in the 3rd quarter. Bank of Montreal Can now owns 48,963 shares of the construction company’s stock valued at $6,417,000 after acquiring an additional 30,570 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $152.26 on Thursday. The company has a 50 day moving average price of $147.86 and a 200-day moving average price of $141.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a fifty-two week low of $110.31 and a fifty-two week high of $164.40. The company has a market capitalization of $6.64 billion, a PE ratio of 26.85, a P/E/G ratio of 1.67 and a beta of 1.19.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.81%. Armstrong World Industries’s dividend payout ratio is presently 21.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AWI shares. 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 report on Wednesday, October 30th. UBS Group raised their price objective on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Truist Financial raised their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI raised their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” 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 company’s stock. According to MarketBeat, Armstrong World Industries currently 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.