Sanctuary Advisors LLC Increases Position in Armstrong World Industries, Inc. (NYSE:AWI)

Sanctuary Advisors LLC grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,687 shares of the construction company’s stock after purchasing an additional 97 shares during the quarter. Sanctuary Advisors LLC’s holdings in Armstrong World Industries were worth $865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Armstrong World Industries by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 211,741 shares of the construction company’s stock valued at $29,925,000 after purchasing an additional 5,565 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Armstrong World Industries by 11.1% in the 4th quarter. Principal Securities Inc. now owns 2,751 shares of the construction company’s stock worth $389,000 after acquiring an additional 274 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Armstrong World Industries by 6.7% during the 4th quarter. Blue Trust Inc. now owns 1,523 shares of the construction company’s stock worth $215,000 after acquiring an additional 95 shares during the period. Van ECK Associates Corp boosted its position in shares of Armstrong World Industries by 34.5% during the 4th quarter. Van ECK Associates Corp now owns 39,735 shares of the construction company’s stock valued at $5,616,000 after acquiring an additional 10,192 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after purchasing an additional 170 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AWI. UBS Group lifted their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday. 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. Finally, StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $148.00.

Armstrong World Industries Trading Down 0.7 %

AWI opened at $151.21 on Friday. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $147.86 and a 200-day simple moving average of $142.17. The firm has a market cap of $6.59 billion, a P/E ratio of 26.67, a P/E/G ratio of 1.60 and a beta of 1.19.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The company had revenue of $367.70 million during the quarter, compared to analysts’ expectations of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. Armstrong World Industries’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the business posted $1.22 EPS. On average, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently disclosed 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. This represents a $1.23 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries’s payout ratio is currently 21.69%.

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.