Jones Financial Companies Lllp Has $179,000 Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Jones Financial Companies Lllp raised its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 103.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,265 shares of the construction company’s stock after acquiring an additional 643 shares during the quarter. Jones Financial Companies Lllp’s holdings in Armstrong World Industries were worth $179,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Tealwood Asset Management Inc. grew its stake in Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after acquiring an additional 71 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Armstrong World Industries by 4.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after buying an additional 76 shares in the last quarter. US Bancorp DE grew its stake in shares of Armstrong World Industries by 13.9% in the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after buying an additional 82 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Armstrong World Industries by 6.7% in the 4th quarter. Blue Trust Inc. now owns 1,523 shares of the construction company’s stock valued at $215,000 after buying an additional 95 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of Armstrong World Industries by 1.7% in the 4th quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company’s stock valued at $865,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AWI shares. UBS Group boosted their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Truist Financial boosted their price target on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group boosted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $153.33.

Armstrong World Industries Stock Up 3.0 %

AWI opened at $140.10 on Friday. The business has a 50 day moving average price of $148.59 and a 200 day moving average price of $143.99. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market cap of $6.09 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $367.70 million during the quarter, compared to analyst estimates of $364.98 million. During the same period in the previous year, the company earned $1.22 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.308 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.88%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 20.40%.

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.