AdvisorNet Financial Inc Sells 305 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

AdvisorNet Financial Inc reduced its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 10.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,754 shares of the construction company’s stock after selling 305 shares during the period. AdvisorNet Financial Inc’s holdings in Armstrong World Industries were worth $389,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in Armstrong World Industries during the third quarter valued at $26,000. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries during the 4th quarter valued at $32,000. Fortitude Family Office LLC bought a new position in shares of Armstrong World Industries during the 4th quarter worth $33,000. V Square Quantitative Management LLC purchased a new stake in Armstrong World Industries in the 3rd quarter worth about $31,000. Finally, Point72 DIFC Ltd bought a new stake in Armstrong World Industries in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

AWI has been the subject of several recent research reports. Jefferies Financial Group lifted their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Truist Financial lifted their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. UBS Group raised their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Loop Capital increased their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Trading Up 0.0 %

Armstrong World Industries stock opened at $148.06 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 fifty-two week low of $96.69 and a fifty-two week high of $164.40. The stock has a market cap of $6.45 billion, a P/E ratio of 26.11, a PEG ratio of 1.63 and a beta of 1.18. The firm’s fifty day moving average price is $150.74 and its 200-day moving average price is $135.89.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 EPS. Equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal 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 paid a $0.308 dividend. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, November 7th. Armstrong World Industries’s dividend payout ratio (DPR) is currently 21.69%.

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.