Smartleaf Asset Management LLC Has $80,000 Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Smartleaf Asset Management LLC raised its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 196.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 567 shares of the construction company’s stock after acquiring an additional 376 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Armstrong World Industries were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in shares of Armstrong World Industries in the 3rd quarter valued at $26,000. ORG Wealth Partners LLC bought a new position in Armstrong World Industries in the fourth quarter valued at about $32,000. Quent Capital LLC increased its position in Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after purchasing an additional 170 shares during the period. Fortitude Family Office LLC bought a new stake in Armstrong World Industries during the 4th quarter worth about $33,000. Finally, Point72 DIFC Ltd acquired a new position in Armstrong World Industries during the 3rd quarter valued at about $47,000. 98.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group lifted their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. UBS Group increased their target price 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. Finally, StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Armstrong World Industries has a consensus rating of “Hold” and an average target price of $153.33.

Armstrong World Industries Stock Up 0.7 %

NYSE:AWI opened at $149.84 on Monday. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. The stock has a 50-day moving average price of $148.70 and a two-hundred day moving average price of $143.72. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.60 and a beta of 1.25. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.13. The business had revenue of $367.70 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 EPS. As a group, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 0.82%. Armstrong World Industries’s payout ratio is 20.40%.

Armstrong World Industries 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.