Allianz Asset Management GmbH Has $43.91 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Allianz Asset Management GmbH lifted its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 310,723 shares of the construction company’s stock after buying an additional 30,878 shares during the period. Allianz Asset Management GmbH owned about 0.71% of Armstrong World Industries worth $43,914,000 as of its most recent SEC filing.

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

Armstrong World Industries Trading Down 1.8 %

Armstrong World Industries stock opened at $146.72 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The business’s 50-day simple moving average is $147.60 and its 200-day simple moving average is $141.46. The firm has a market capitalization of $6.40 billion, a PE ratio of 25.88, a PEG ratio of 1.62 and a beta of 1.19. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.308 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.84%. Armstrong World Industries’s payout ratio is presently 21.69%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial raised their target price on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Loop Capital raised their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Evercore ISI raised their target price on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, UBS Group raised their target price on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Armstrong World Industries presently has an average rating of “Hold” and an average price target of $142.60.

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.