Captrust Financial Advisors Takes $463,000 Position in Armstrong World Industries, Inc. (NYSE:AWI)

Captrust Financial Advisors purchased 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. The institutional investor purchased 3,274 shares of the construction company’s stock, valued at approximately $463,000.

Several other institutional investors have also added to or reduced their stakes in AWI. Principal Securities Inc. increased its stake in shares of Armstrong World Industries by 11.1% in the 4th quarter. Principal Securities Inc. now owns 2,751 shares of the construction company’s stock worth $389,000 after acquiring an additional 274 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Armstrong World Industries by 8.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,184 shares of the construction company’s stock worth $874,000 after acquiring an additional 456 shares during the period. Blue Trust Inc. raised its stake in Armstrong World Industries by 11.4% during the 4th quarter. Blue Trust Inc. now owns 1,591 shares of the construction company’s stock worth $209,000 after acquiring an additional 163 shares during the period. SG Americas Securities LLC raised its position in shares of Armstrong World Industries by 639.8% during the fourth quarter. SG Americas Securities LLC now owns 7,228 shares of the construction company’s stock valued at $1,022,000 after buying an additional 6,251 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Armstrong World Industries by 7.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,565 shares of the construction company’s stock valued at $1,069,000 after buying an additional 555 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Stock Up 0.8%

Shares of NYSE:AWI opened at $160.16 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $141.38 and a two-hundred day moving average of $147.26. The stock has a market cap of $6.96 billion, a P/E ratio of 28.25, a PEG ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.11. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $382.70 million during the quarter, compared to analysts’ expectations of $370.71 million. During the same period in the prior year, the business posted $1.38 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. On average, research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries’s dividend payout ratio is currently 19.68%.

Wall Street Analyst Weigh In

Several research analysts have commented on AWI shares. Truist Financial lifted their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group boosted their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 28th. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. UBS Group upped their target price on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, Bank of America upped their target price on Armstrong World Industries from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $157.57.

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.