Allianz Asset Management GmbH Has $43.91 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Allianz Asset Management GmbH increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,723 shares of the construction company’s stock after buying an additional 30,878 shares during the quarter. Allianz Asset Management GmbH’s holdings in Armstrong World Industries were worth $43,914,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ieq Capital LLC acquired a new stake in Armstrong World Industries during the fourth quarter worth about $502,000. Global Retirement Partners LLC grew its position in Armstrong World Industries by 29.1% during the fourth quarter. Global Retirement Partners LLC now owns 3,215 shares of the construction company’s stock worth $454,000 after buying an additional 724 shares in the last quarter. Venturi Wealth Management LLC grew its position in Armstrong World Industries by 8.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,858 shares of the construction company’s stock worth $263,000 after buying an additional 140 shares in the last quarter. Sanctuary Advisors LLC grew its position in Armstrong World Industries by 1.7% during the fourth quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company’s stock worth $865,000 after buying an additional 97 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Armstrong World Industries by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 211,741 shares of the construction company’s stock worth $29,925,000 after buying an additional 5,565 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Loop Capital lifted their target price on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. UBS Group lifted their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI lifted their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Truist Financial lifted their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Armstrong World Industries presently has a consensus rating of “Hold” and an average price target of $142.60.

Armstrong World Industries Stock Down 1.8 %

Shares of AWI opened at $146.72 on Friday. The company has a market capitalization of $6.40 billion, a P/E ratio of 25.88, a PEG ratio of 1.62 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40. The business’s 50 day simple moving average is $147.60 and its 200-day simple moving average is $141.46.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries’s 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.