Van Berkom & Associates Inc. Has $86.65 Million Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Van Berkom & Associates Inc. lessened its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 613,091 shares of the construction company’s stock after selling 105,754 shares during the period. Armstrong World Industries accounts for about 2.6% of Van Berkom & Associates Inc.’s holdings, making the stock its 14th biggest holding. Van Berkom & Associates Inc.’s holdings in Armstrong World Industries were worth $86,648,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Transcendent Capital Group LLC acquired a new position in shares of Armstrong World Industries during the 3rd quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in Armstrong World Industries during the fourth quarter worth about $32,000. Quent Capital LLC increased its position in Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after buying an additional 170 shares during the last quarter. Fortitude Family Office LLC bought a new stake in Armstrong World Industries in the fourth quarter valued at approximately $33,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Armstrong World Industries in the third quarter valued at approximately $47,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Trading Down 2.0 %

Shares of Armstrong World Industries stock opened at $149.16 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. The firm has a 50-day moving average of $147.74 and a 200-day moving average of $141.14. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40. The stock has a market cap of $6.50 billion, a PE ratio of 26.31, a PEG ratio of 1.67 and a beta of 1.19.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries’s dividend payout ratio is currently 21.69%.

Analysts Set New Price Targets

AWI has been the topic of a number of recent analyst reports. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Loop Capital increased their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. UBS Group lifted their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI increased their price target 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. Finally, Truist Financial boosted their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.