XTX Topco Ltd Takes $903,000 Position in Armstrong World Industries, Inc. (NYSE:AWI)

XTX Topco Ltd bought a new stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,388 shares of the construction company’s stock, valued at approximately $903,000.

Several other institutional investors and hedge funds have also bought and sold shares of AWI. Madison Investment Advisors LLC bought a new position in shares of Armstrong World Industries in the fourth quarter worth approximately $75,242,000. Norges Bank bought a new stake in Armstrong World Industries in the 4th quarter worth $71,822,000. Invesco Ltd. increased its position in shares of Armstrong World Industries by 25.4% in the fourth quarter. Invesco Ltd. now owns 507,843 shares of the construction company’s stock valued at $71,773,000 after acquiring an additional 102,895 shares during the period. Raymond James Financial Inc. bought a new position in shares of Armstrong World Industries during the fourth quarter valued at about $8,375,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Armstrong World Industries by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company’s stock worth $125,444,000 after purchasing an additional 35,738 shares during the period. 98.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Truist Financial upped their target price on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. UBS Group boosted their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group raised their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $153.33.

Armstrong World Industries Trading Down 1.5 %

Shares of NYSE AWI opened at $133.82 on Thursday. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The firm has a 50-day moving average of $143.41 and a 200 day moving average of $145.77. The stock has a market cap of $5.82 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.13. The firm had revenue of $367.70 million during the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned $1.22 earnings per share. As a group, sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.308 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.92%. 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.