Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Capital International Investors

Capital International Investors increased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.1% in the 4th quarter, HoldingsChannel reports. The firm owned 2,485,650 shares of the construction company’s stock after buying an additional 2,618 shares during the quarter. Capital International Investors owned approximately 0.06% of Armstrong World Industries worth $351,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Madison Investment Advisors LLC purchased a new position in Armstrong World Industries during the fourth quarter worth about $75,242,000. Norges Bank purchased a new position in shares of Armstrong World Industries during the 4th quarter worth about $71,822,000. Invesco Ltd. boosted 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 worth $71,773,000 after acquiring an additional 102,895 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Armstrong World Industries in the fourth quarter valued at approximately $8,375,000. Finally, Geode Capital Management LLC increased its position in 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 last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $134.12 on Friday. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.60 and a beta of 1.20. 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 1-year low of $110.68 and a 1-year high of $164.40. The business has a 50-day moving average of $142.70 and a 200-day moving average of $145.79.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data 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 company had revenue of $367.70 million during the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. Armstrong World Industries’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned $1.22 earnings per share. On average, equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued 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 yield of 0.92%. Armstrong World Industries’s dividend payout ratio is currently 20.40%.

Analysts Set New Price Targets

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

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.