Farther Finance Advisors LLC Purchases 202 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Farther Finance Advisors LLC raised its position in Armstrong World Industries, Inc. (NYSE:AWI) by 90.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 426 shares of the construction company’s stock after acquiring an additional 202 shares during the quarter. Farther Finance Advisors LLC’s holdings in Armstrong World Industries were worth $60,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tealwood Asset Management Inc. boosted its stake in shares of 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 worth $1,313,000 after acquiring an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Armstrong World Industries by 4.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after purchasing an additional 76 shares in the last quarter. Arizona State Retirement System grew its holdings in Armstrong World Industries by 0.7% during the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company’s stock valued at $1,792,000 after purchasing an additional 82 shares during the period. Blue Trust Inc. increased its position in Armstrong World Industries by 6.7% in the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company’s stock worth $215,000 after buying an additional 95 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Armstrong World Industries by 1.7% in the fourth quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company’s stock worth $865,000 after buying an additional 97 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AWI has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. UBS Group boosted their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, Truist Financial increased their target price on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Armstrong World Industries has an average rating of “Hold” and a consensus price target of $153.33.

Armstrong World Industries Stock Down 0.1 %

Shares of NYSE:AWI opened at $140.88 on Friday. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.60 and a beta of 1.25. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40. 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 company has a 50-day moving average price of $148.54 and a 200 day moving average price of $144.68.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, beating 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 business had revenue of $367.70 million for the quarter, compared to analysts’ expectations of $364.98 million. During the same quarter in the previous year, the business posted $1.22 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. As a group, equities research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.308 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.87%. Armstrong World Industries’s payout ratio is 20.40%.

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.