Savant Capital LLC Buys 1,419 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Savant Capital LLC raised its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 24.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,247 shares of the construction company’s stock after acquiring an additional 1,419 shares during the period. Savant Capital LLC’s holdings in Armstrong World Industries were worth $713,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AWI. Headlands Technologies LLC purchased a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $27,000. Signaturefd LLC grew its position in Armstrong World Industries by 182.0% in the 3rd quarter. Signaturefd LLC now owns 392 shares of the construction company’s stock worth $28,000 after purchasing an additional 253 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Armstrong World Industries in the 4th quarter valued at about $49,000. SRS Capital Advisors Inc. increased its stake in Armstrong World Industries by 19.7% in the 3rd quarter. SRS Capital Advisors Inc. now owns 2,209 shares of the construction company’s stock valued at $159,000 after buying an additional 363 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of Armstrong World Industries during the 3rd quarter worth approximately $224,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AWI shares. The Goldman Sachs Group upped their target price on Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Evercore ISI raised their target price on Armstrong World Industries from $117.00 to $119.00 and gave the company an “in-line” rating in a research report on Wednesday. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. UBS Group increased their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Truist Financial lifted their price objective on shares of Armstrong World Industries from $95.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $110.17.

Armstrong World Industries Stock Up 0.4 %

Shares of NYSE AWI opened at $115.61 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.79 and a quick ratio of 1.07. The stock has a market capitalization of $5.06 billion, a PE ratio of 21.73, a P/E/G ratio of 1.73 and a beta of 1.12. Armstrong World Industries, Inc. has a one year low of $62.03 and a one year high of $125.56. The business’s fifty day moving average price is $119.97 and its 200-day moving average price is $102.08.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.15. The business had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $319.44 million. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. On average, equities research analysts anticipate that Armstrong World Industries, Inc. will post 5.91 EPS for the current year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, May 8th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.05%.

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.