Sterling Capital Management LLC Purchases 602 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Sterling Capital Management LLC increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 44.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,966 shares of the construction company’s stock after acquiring an additional 602 shares during the quarter. Sterling Capital Management LLC’s holdings in Armstrong World Industries were worth $278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter worth $32,000. Quent Capital LLC increased its position in Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after buying an additional 170 shares in the last quarter. Fortitude Family Office LLC acquired a new position in Armstrong World Industries during the 4th quarter valued at about $33,000. Twin Tree Management LP purchased a new stake in Armstrong World Industries in the fourth quarter valued at about $43,000. Finally, Farther Finance Advisors LLC boosted its holdings in Armstrong World Industries by 90.2% in the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company’s stock worth $60,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of AWI opened at $134.12 on Monday. The business’s 50-day moving average is $142.70 and its two-hundred day moving average is $145.96. The company has a market capitalization of $5.83 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.60 and a beta of 1.20. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. During the same period last year, the company earned $1.22 earnings per share. Armstrong World Industries’s revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.308 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.92%. Armstrong World Industries’s dividend payout ratio is presently 20.40%.

Analyst Ratings Changes

AWI has been the subject of several research analyst reports. UBS Group increased their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. The Goldman Sachs Group upped their target price on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Truist Financial lifted their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Armstrong World Industries has a consensus rating of “Hold” and a consensus price target of $153.33.

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.