Corient Private Wealth LLC Acquires 160 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Corient Private Wealth LLC boosted its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,267 shares of the construction company’s stock after buying an additional 160 shares during the quarter. Corient Private Wealth LLC’s holdings in Armstrong World Industries were worth $2,016,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AWI. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries during the 4th quarter worth $32,000. Quent Capital LLC raised its holdings in Armstrong World Industries by 288.1% in the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after purchasing an additional 170 shares during the period. Fortitude Family Office LLC purchased a new position in Armstrong World Industries during the fourth quarter valued at $33,000. Point72 DIFC Ltd bought a new stake in Armstrong World Industries during the third quarter valued at about $47,000. Finally, Farther Finance Advisors LLC increased its position in Armstrong World Industries by 90.2% in the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company’s stock worth $60,000 after buying an additional 202 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AWI. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Truist Financial upped their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group raised their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, UBS Group increased their price target 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $153.33.

Armstrong World Industries Stock Performance

AWI opened at $145.73 on Tuesday. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.60 and a beta of 1.25. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The company has a fifty day moving average of $148.60 and a 200 day moving average of $144.99.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $367.70 million for the quarter, compared to analysts’ expectations of $364.98 million. During the same period in the previous year, the firm posted $1.22 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.308 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.85%. Armstrong World Industries’s dividend payout ratio is currently 20.40%.

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.