Proficio Capital Partners LLC Acquires New Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Proficio Capital Partners LLC acquired a new stake in Armstrong World Industries, Inc. (NYSE:AWI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,255 shares of the construction company’s stock, valued at approximately $4,135,000. Proficio Capital Partners LLC owned about 0.07% of Armstrong World Industries at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AWI. Creative Planning boosted its stake in shares of Armstrong World Industries by 7.3% during the 3rd quarter. Creative Planning now owns 2,079 shares of the construction company’s stock worth $273,000 after purchasing an additional 141 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth about $244,000. US Bancorp DE boosted its stake in shares of Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after purchasing an additional 82 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Armstrong World Industries by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 29,543 shares of the construction company’s stock worth $4,082,000 after purchasing an additional 8,441 shares during the last quarter. Finally, SpiderRock Advisors LLC acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth about $964,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Trading Down 1.8 %

Shares of AWI stock opened at $149.36 on Wednesday. The firm has a market cap of $6.49 billion, a P/E ratio of 26.34, a PEG ratio of 1.60 and a beta of 1.19. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The firm’s 50-day simple moving average is $148.34 and its 200-day simple moving average is $143.13.

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

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.308 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.82%. Armstrong World Industries’s payout ratio is 20.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group raised their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Truist Financial increased their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group increased their price objective 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Armstrong World Industries presently has a consensus rating of “Hold” and a consensus price target of $153.33.

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.