Mutual of America Capital Management LLC Acquires New Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Mutual of America Capital Management LLC acquired a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,733 shares of the construction company’s stock, valued at approximately $760,000.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC increased its position in 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 acquiring an additional 253 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Armstrong World Industries by 19.7% during the third quarter. SRS Capital Advisors Inc. now owns 2,209 shares of the construction company’s stock valued at $159,000 after purchasing an additional 363 shares during the period. Mackenzie Financial Corp bought a new stake in Armstrong World Industries during the third quarter valued at about $224,000. Legato Capital Management LLC bought a new stake in Armstrong World Industries during the fourth quarter valued at about $224,000. Finally, JB Capital LLC bought a new stake in Armstrong World Industries during the fourth quarter valued at about $229,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group raised Armstrong World Industries from a “sell” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $103.00 in a report on Thursday, January 4th. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Truist Financial boosted their price target on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, The Goldman Sachs Group upped 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. Three analysts have rated the stock with a hold rating and three have given 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 $100.17.

Armstrong World Industries Price Performance

NYSE:AWI opened at $114.64 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.07 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $5.02 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.75 and a beta of 1.12. Armstrong World Industries, Inc. has a 12 month low of $62.03 and a 12 month high of $125.56. The business’s 50-day moving average is $119.19 and its 200 day moving average is $99.70.

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 the consensus estimate 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 firm had revenue of $312.30 million for the quarter, compared to the consensus estimate of $305.44 million. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that Armstrong World Industries, Inc. will post 5.74 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

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