Louisiana State Employees Retirement System Purchases New Position in Armstrong World Industries, Inc. (NYSE:AWI)

Louisiana State Employees Retirement System purchased a new stake in Armstrong World Industries, Inc. (NYSE:AWI) during the 4th quarter, HoldingsChannel reports. The fund purchased 22,100 shares of the construction company’s stock, valued at approximately $2,173,000.

Other institutional investors have also bought and sold shares of the company. Dark Forest Capital Management LP acquired a new stake in Armstrong World Industries in the 3rd quarter valued at $1,630,000. State of Alaska Department of Revenue boosted its stake in Armstrong World Industries by 211.3% in the 4th quarter. State of Alaska Department of Revenue now owns 40,042 shares of the construction company’s stock valued at $3,936,000 after buying an additional 27,179 shares in the last quarter. Barclays PLC boosted its stake in Armstrong World Industries by 42.2% in the 3rd quarter. Barclays PLC now owns 24,225 shares of the construction company’s stock valued at $1,743,000 after buying an additional 7,186 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Armstrong World Industries in the 3rd quarter valued at $244,000. Finally, Oak Thistle LLC boosted its stake in Armstrong World Industries by 43.0% in the 4th quarter. Oak Thistle LLC now owns 5,190 shares of the construction company’s stock valued at $510,000 after buying an additional 1,560 shares in the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

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

Armstrong World Industries Trading Down 0.8 %

Shares of AWI opened at $114.69 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. Armstrong World Industries, Inc. has a 12-month low of $62.03 and a 12-month high of $125.56. The firm has a market capitalization of $5.02 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12. The stock’s fifty day simple moving average is $118.64 and its 200-day simple moving average is $98.60.

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

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 0.98%. Armstrong World Industries’s dividend payout ratio is presently 22.40%.

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.