Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group grew its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,184 shares of the construction company’s stock after acquiring an additional 17,774 shares during the period. Schroder Investment Management Group owned about 0.42% of Armstrong World Industries worth $25,712,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AWI. ORG Wealth Partners LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $32,000. Quent Capital LLC boosted its holdings in 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 buying an additional 170 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Armstrong World Industries during the fourth quarter valued at $33,000. Twin Tree Management LP purchased a new position in Armstrong World Industries in the fourth quarter valued at $43,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Armstrong World Industries in the third quarter worth about $47,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Trading Up 1.1 %

AWI opened at $143.16 on Thursday. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The company’s 50 day simple moving average is $147.75 and its two-hundred day simple moving average is $145.82. 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.

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

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.308 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.86%. Armstrong World Industries’s payout ratio is 20.40%.

Analyst Upgrades and Downgrades

AWI has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 28th. UBS Group boosted their price objective 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. Truist Financial increased their target price 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. Finally, StockNews.com lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $153.33.

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.