Gotham Asset Management LLC Purchases 1,323 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Gotham Asset Management LLC grew its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 48.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,027 shares of the construction company’s stock after buying an additional 1,323 shares during the period. Gotham Asset Management LLC’s holdings in Armstrong World Industries were worth $569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Armstrong World Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company’s stock valued at $656,922,000 after acquiring an additional 34,579 shares during the period. Geode Capital Management LLC raised its position in shares of Armstrong World Industries by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company’s stock valued at $125,444,000 after purchasing an additional 35,738 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in shares of Armstrong World Industries by 140.4% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company’s stock valued at $94,126,000 after buying an additional 389,000 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in Armstrong World Industries by 267.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company’s stock worth $75,273,000 after buying an additional 387,537 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in Armstrong World Industries in the 4th quarter worth approximately $75,242,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

NYSE:AWI opened at $160.16 on Monday. The stock has a market cap of $6.96 billion, a P/E ratio of 28.25, a PEG ratio of 1.60 and a beta of 1.36. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $141.38 and its two-hundred day moving average price is $147.26. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.11. The company had revenue of $382.70 million for the quarter, compared to analysts’ expectations of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. Armstrong World Industries’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 earnings per share. As a group, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 8th. Armstrong World Industries’s payout ratio is 19.68%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AWI. Bank of America boosted their target price on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. 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 note on Wednesday, February 26th. StockNews.com downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Loop Capital reduced their target price on Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial increased their price target 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Armstrong World Industries currently has an average rating of “Hold” and a consensus target price of $157.57.

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.