Bleakley Financial Group LLC Purchases 347 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Bleakley Financial Group LLC lifted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,025 shares of the construction company’s stock after acquiring an additional 347 shares during the quarter. Bleakley Financial Group LLC’s holdings in Armstrong World Industries were worth $494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $1,082,000. Oak Thistle LLC raised its holdings in shares of Armstrong World Industries by 43.0% in the fourth quarter. Oak Thistle LLC now owns 5,190 shares of the construction company’s stock valued at $510,000 after acquiring an additional 1,560 shares in the last quarter. JB Capital LLC bought a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $229,000. State of Alaska Department of Revenue raised its holdings in shares of Armstrong World Industries by 211.3% in the fourth quarter. State of Alaska Department of Revenue now owns 40,042 shares of the construction company’s stock valued at $3,936,000 after acquiring an additional 27,179 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new position in Armstrong World Industries in the fourth quarter valued at about $224,000. 98.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AWI shares. UBS Group upgraded Armstrong World Industries from a “sell” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $103.00 in a research note on Thursday, January 4th. The Goldman Sachs Group lifted their target price on Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Finally, Truist Financial lifted their target price on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.29.

Armstrong World Industries Price Performance

Shares of AWI stock opened at $117.19 on Friday. Armstrong World Industries, Inc. has a fifty-two week low of $62.03 and a fifty-two week high of $125.56. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.82 and a beta of 1.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.07 and a current ratio of 1.61. The stock’s 50-day simple moving average is $117.79 and its 200-day simple moving average is $97.68.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. The business had revenue of $312.30 million for the quarter, compared to analyst estimates of $305.44 million. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. As a group, equities analysts forecast that Armstrong World Industries, Inc. will post 5.74 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a $0.28 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 0.96%. Armstrong World Industries’s dividend payout ratio is currently 22.40%.

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.