Sanctuary Advisors LLC Has $735,000 Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Sanctuary Advisors LLC increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 21.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,590 shares of the construction company’s stock after acquiring an additional 1,000 shares during the quarter. Sanctuary Advisors LLC’s holdings in Armstrong World Industries were worth $735,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. OneDigital Investment Advisors LLC increased its holdings in shares of Armstrong World Industries by 4.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after purchasing an additional 76 shares during the last quarter. Blue Trust Inc. grew its stake in Armstrong World Industries by 5.9% in the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after buying an additional 79 shares during the last quarter. US Bancorp DE raised its holdings in Armstrong World Industries by 13.9% in the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after acquiring an additional 82 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Armstrong World Industries by 41.0% during the second 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 during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Armstrong World Industries by 3.6% during the third quarter. Verdence Capital Advisors LLC now owns 3,033 shares of the construction company’s stock worth $399,000 after acquiring an additional 104 shares during the period. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 0.2 %

AWI stock opened at $143.15 on Tuesday. The company has a market cap of $6.24 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 52 week low of $95.24 and a 52 week high of $164.40. The business has a 50-day simple moving average of $150.03 and a 200 day simple moving average of $132.54.

Armstrong World Industries (NYSE:AWI) last issued its quarterly 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 company had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 EPS. Sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Thursday, November 7th. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. Armstrong World Industries’s dividend payout ratio (DPR) is currently 21.69%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Loop Capital increased their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their target price on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Truist Financial upped their price target 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 shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI boosted 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 report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.83.

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.