GAMMA Investing LLC Purchases 316 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

GAMMA Investing LLC increased its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,839 shares of the construction company’s stock after acquiring an additional 316 shares during the period. GAMMA Investing LLC’s holdings in Armstrong World Industries were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AWI. Transcendent Capital Group LLC purchased a new position in Armstrong World Industries in the third quarter worth $26,000. V Square Quantitative Management LLC purchased a new position in shares of Armstrong World Industries in the 3rd quarter worth about $31,000. Allspring Global Investments Holdings LLC increased its holdings 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 buying an additional 89 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Armstrong World Industries during the third quarter worth about $47,000. Finally, UMB Bank n.a. raised its position in Armstrong World Industries by 53.7% in the third quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock worth $58,000 after acquiring an additional 153 shares during the period. 98.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AWI. Evercore ISI lifted their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their target price on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. UBS Group boosted their target price 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. Loop Capital increased their price target 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. Finally, Truist Financial boosted their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Stock Performance

NYSE:AWI opened at $140.74 on Wednesday. The business’s fifty day moving average is $150.77 and its 200 day moving average is $134.74. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.01 and a beta of 1.18. 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 $96.69 and a 52-week high of $164.40.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, beating 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 firm had revenue of $386.60 million for the quarter, compared to analysts’ expectations of $386.69 million. During the same period in the prior year, the business posted $1.60 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. Research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were paid 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 0.88%. Armstrong World Industries’s dividend payout ratio is currently 21.69%.

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.