New York State Teachers Retirement System Takes $1.08 Million Position in Armstrong World Industries, Inc. (NYSE:AWI)

New York State Teachers Retirement System acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,000 shares of the construction company’s stock, valued at approximately $1,082,000.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of Armstrong World Industries by 182.0% during the third quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock valued at $28,000 after buying an additional 253 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Armstrong World Industries during the second quarter valued at about $38,000. Covestor Ltd grew its holdings in shares of Armstrong World Industries by 89.9% during the first quarter. Covestor Ltd now owns 1,272 shares of the construction company’s stock valued at $115,000 after buying an additional 602 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Armstrong World Industries by 19.2% during the second quarter. SRS Capital Advisors Inc. now owns 1,846 shares of the construction company’s stock valued at $136,000 after buying an additional 297 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Armstrong World Industries by 296.5% during the fourth quarter. State of Wyoming now owns 2,347 shares of the construction company’s stock valued at $161,000 after buying an additional 1,755 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Stock Down 0.8 %

Armstrong World Industries stock opened at $114.69 on Thursday. Armstrong World Industries, Inc. has a twelve month low of $62.03 and a twelve month high of $125.56. The firm has a 50 day moving average price of $118.64 and a 200-day moving average price of $98.60. The company has a market capitalization of $5.02 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.79 and a beta of 1.12. 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 (NYSE:AWI) last announced its quarterly earnings results 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 company had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $305.44 million. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. Armstrong World Industries’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS. As a group, equities analysts predict that Armstrong World Industries, Inc. will post 5.74 EPS for the current year.

Armstrong World Industries Dividend Announcement

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

Analysts Set New Price Targets

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

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.