OneDigital Investment Advisors LLC Has $245,000 Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

OneDigital Investment Advisors LLC lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,864 shares of the construction company’s stock after purchasing an additional 76 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Armstrong World Industries were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AWI. Blue Trust Inc. grew its stake in Armstrong World Industries by 5.9% during the third quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock worth $188,000 after buying an additional 79 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock worth $88,000 after acquiring an additional 82 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Armstrong World Industries by 41.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company’s stock worth $35,000 after acquiring an additional 89 shares in the last quarter. CWM LLC increased its stake in Armstrong World Industries by 17.3% in the second quarter. CWM LLC now owns 644 shares of the construction company’s stock valued at $73,000 after acquiring an additional 95 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Armstrong World Industries by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the construction company’s stock valued at $2,491,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

AWI stock opened at $159.07 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. Armstrong World Industries, Inc. has a 52-week low of $82.63 and a 52-week high of $159.66. The company has a market capitalization of $6.93 billion, a P/E ratio of 28.05, a PEG ratio of 1.96 and a beta of 1.13. The company has a fifty day moving average price of $140.65 and a 200-day moving average price of $126.61.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $386.60 million during the quarter, compared to analyst estimates of $386.69 million. During the same period last year, the company earned $1.60 EPS. Armstrong World Industries’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.308 dividend. The ex-dividend date was Thursday, November 7th. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 0.77%. Armstrong World Industries’s dividend payout ratio is presently 21.69%.

Analyst Ratings Changes

AWI has been the topic of several recent analyst reports. UBS Group lifted their price target on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Loop Capital increased their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Truist Financial lifted their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Evercore ISI increased their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $140.83.

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.