New Age Alpha Advisors LLC Purchases New Position in Armstrong World Industries, Inc. (NYSE:AWI)

New Age Alpha Advisors LLC purchased a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,666 shares of the construction company’s stock, valued at approximately $377,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWI. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries during the fourth quarter valued at approximately $32,000. Quent Capital LLC lifted its stake 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 acquiring an additional 170 shares in the last quarter. Fortitude Family Office LLC purchased a new position in Armstrong World Industries during the 4th quarter worth $33,000. Twin Tree Management LP bought a new stake in shares of Armstrong World Industries in the 4th quarter worth $43,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Armstrong World Industries in the third quarter valued at about $47,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Performance

Shares of AWI opened at $141.56 on Wednesday. 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 stock’s fifty day moving average price is $147.92 and its two-hundred day moving average price is $145.84. The firm has a market cap of $6.15 billion, a PE ratio of 24.97, a PEG ratio of 1.60 and a beta of 1.25.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data 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 business had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. On average, equities research 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 announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.308 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.87%. Armstrong World Industries’s payout ratio is 20.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group upped their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Truist Financial increased their price target on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group raised 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Hold” and an average 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.