Armstrong World Industries, Inc. (NYSE:AWI) Stock Position Raised by Simplicity Solutions LLC

Simplicity Solutions LLC lifted its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,923 shares of the construction company’s stock after acquiring an additional 245 shares during the quarter. Simplicity Solutions LLC’s holdings in Armstrong World Industries were worth $484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AWI. Signaturefd LLC boosted its position in shares of Armstrong World Industries by 182.0% in the third quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock worth $28,000 after buying an additional 253 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Armstrong World Industries in the second quarter worth $38,000. Covestor Ltd boosted its position in shares of Armstrong World Industries by 89.9% in the first quarter. Covestor Ltd now owns 1,272 shares of the construction company’s stock worth $115,000 after buying an additional 602 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Armstrong World Industries by 19.2% in the second quarter. SRS Capital Advisors Inc. now owns 1,846 shares of the construction company’s stock worth $136,000 after buying an additional 297 shares during the period. Finally, State of Wyoming boosted its position in shares of Armstrong World Industries by 296.5% in the fourth quarter. State of Wyoming now owns 2,347 shares of the construction company’s stock worth $161,000 after buying an additional 1,755 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Upgrades and Downgrades

AWI has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on Armstrong World Industries from $111.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Truist Financial increased their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. UBS Group upgraded Armstrong World Industries from a “sell” rating to a “neutral” rating and raised their target price for the company from $75.00 to $103.00 in a report on Thursday, January 4th. Finally, StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $98.29.

Armstrong World Industries Trading Down 0.8 %

Armstrong World Industries stock opened at $113.81 on Friday. 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 business’s 50-day simple moving average is $118.83 and its 200-day simple moving average is $98.70. The firm has a market capitalization of $4.99 billion, a PE ratio of 22.76, a PEG ratio of 1.77 and a beta of 1.12. Armstrong World Industries, Inc. has a 52 week low of $62.03 and a 52 week high of $125.56.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.22 EPS 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 period in the previous year, the company posted $1.08 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts forecast that Armstrong World Industries, Inc. will post 5.74 earnings per share for the current 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 dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Wednesday, February 28th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 22.40%.

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.