Schechter Investment Advisors LLC Lowers Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Schechter Investment Advisors LLC lessened its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,545 shares of the construction company’s stock after selling 826 shares during the period. Schechter Investment Advisors LLC’s holdings in Armstrong World Industries were worth $1,349,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in shares of Armstrong World Industries during the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries in the fourth quarter worth $32,000. Quent Capital LLC raised its holdings in shares of Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after buying an additional 170 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of Armstrong World Industries in the fourth quarter worth $33,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Armstrong World Industries in the third quarter worth $47,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AWI. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Truist Financial raised their target price 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. The Goldman Sachs Group raised 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. Finally, UBS Group raised their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $153.33.

Armstrong World Industries Trading Down 1.1 %

Shares of Armstrong World Industries stock opened at $152.01 on Tuesday. The stock has a market cap of $6.61 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. 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 has a fifty day moving average price of $148.25 and a 200 day moving average price of $142.94. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI) last released 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. The company had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned $1.22 earnings per share. Equities 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 will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.81%. Armstrong World Industries’s dividend payout ratio is presently 20.40%.

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.