Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC grew its position in Armstrong World Industries, Inc. (NYSE:AWI) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,856 shares of the construction company’s stock after purchasing an additional 221 shares during the period. Snowden Capital Advisors LLC’s holdings in Armstrong World Industries were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AWI. Madison Investment Advisors LLC purchased a new stake in shares of Armstrong World Industries in the fourth quarter worth about $75,242,000. Norges Bank purchased a new stake in shares of Armstrong World Industries in the fourth quarter worth about $71,822,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Armstrong World Industries by 140.4% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company’s stock worth $94,126,000 after buying an additional 389,000 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Armstrong World Industries by 267.1% in the fourth 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 last quarter. Finally, Invesco Ltd. boosted its stake in shares of Armstrong World Industries by 25.4% in the fourth quarter. Invesco Ltd. now owns 507,843 shares of the construction company’s stock worth $71,773,000 after buying an additional 102,895 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Stock Performance

Shares of AWI stock opened at $155.65 on Thursday. The business’s 50 day moving average is $142.56 and its two-hundred day moving average is $147.53. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40. The company has a market capitalization of $6.76 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.60 and a beta of 1.36. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.11. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $382.70 million during the quarter, compared to analysts’ expectations of $370.71 million. During the same quarter in the prior year, the firm earned $1.38 earnings per share. The business’s revenue was up 17.3% 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.308 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.79%. Armstrong World Industries’s dividend payout ratio is presently 19.68%.

Wall Street Analyst Weigh In

AWI has been the topic of a number of recent research reports. Truist Financial upped their target price on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Loop Capital lowered their target price on Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. UBS Group upped their target price on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group increased their price target on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Bank of America increased their price target on Armstrong World Industries from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $157.57.

Armstrong World Industries 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.