Steward Partners Investment Advisory LLC Boosts Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Steward Partners Investment Advisory LLC lifted its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 133.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,257 shares of the construction company’s stock after purchasing an additional 719 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Armstrong World Industries were worth $178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AWI. Jones Financial Companies Lllp lifted its position in Armstrong World Industries by 103.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,265 shares of the construction company’s stock valued at $179,000 after acquiring an additional 643 shares during the period. Smartleaf Asset Management LLC lifted its position in Armstrong World Industries by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company’s stock valued at $80,000 after acquiring an additional 376 shares during the period. Proficio Capital Partners LLC purchased a new position in Armstrong World Industries during the 4th quarter valued at about $4,135,000. Bank of New York Mellon Corp lifted its position in Armstrong World Industries by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 380,281 shares of the construction company’s stock valued at $53,745,000 after acquiring an additional 2,149 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in Armstrong World Industries by 12.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 6,553 shares of the construction company’s stock valued at $926,000 after acquiring an additional 707 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Up 3.0 %

NYSE:AWI opened at $140.10 on Friday. The firm has a 50-day simple moving average of $148.59 and a two-hundred day simple moving average of $144.12. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The firm has a market cap of $6.09 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.60 and a beta of 1.25. 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 (NYSE:AWI) last announced 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 net margin of 17.95% and a return on equity of 40.67%. The firm 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 business posted $1.22 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. Analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

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 $0.308 dividend. The ex-dividend date of this dividend 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 is presently 20.40%.

Analyst Ratings Changes

AWI has been the subject of a number of recent research reports. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. UBS Group lifted their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Truist Financial lifted their price target 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, The Goldman Sachs Group raised their price objective on shares of 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 data from MarketBeat.com, Armstrong World Industries has an average rating of “Hold” and an average price target of $153.33.

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.