1 week Ago By ABMN Staff
Corebridge Financial Inc. decreased its stake in Armstrong World Industries, Inc. ( NYSE:AWI – Free Report ) by 9.
3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,007 shares of the construction company’s stock after selling 205 shares during the period. Corebridge Financial Inc.
’s holdings in Armstrong World Industries were worth $284,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tealwood Asset Management Inc.
raised its position in shares of Armstrong World Industries by 0.8% in the 4th quarter. Tealwood Asset Management Inc.
now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after acquiring an additional 71 shares during the period. Arizona State Retirement System raised its holdings in Armstrong World Industries by 0.7% in the fourth quarter.
Arizona State Retirement System now owns 12,683 shares of the construction company’s stock worth $1,792,000 after purchasing an additional 82 shares during the period. Blue Trust Inc. raised its holdings in Armstrong World Industries by 6.
7% in the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company’s stock worth $215,000 after purchasing an additional 95 shares during the period.
Sanctuary Advisors LLC boosted its position in shares of 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 purchasing an additional 97 shares in the last quarter.
Finally, Venturi Wealth Management LLC grew its holdings in shares of Armstrong World Industries by 8.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,858 shares of the construction company’s stock valued at $263,000 after buying an additional 140 shares during the period.
Institutional investors own 98.93% of the company’s stock. Wall Street Analyst Weigh In Several research analysts have weighed in on the company.
StockNews.com lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. The Goldman Sachs Group lifted their price objective on Armstrong World Industries from $163.
00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 28th. UBS Group increased their target price on Armstrong World Industries from $150.
00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, 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 research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.
According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $153.33.
Armstrong World Industries Trading Down 2.0 % NYSE:AWI opened at $132.87 on Friday.
The company has a market cap of $5.77 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.
60 and a beta of 1.20. Armstrong World Industries, Inc.
has a twelve month low of $110.68 and a twelve month high of $164.40.
The business has a 50 day moving average price of $144.74 and a two-hundred day moving average price of $145.76.
The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.
78. Armstrong World Industries ( NYSE:AWI – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.
50 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13.
The business had revenue of $367.70 million for 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 firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.
22 earnings per share. As a group, analysts expect that Armstrong World Industries, Inc. will post 6.
18 EPS for the current fiscal year. Armstrong World Industries Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 yield of 0.93%. Armstrong World Industries’s dividend payout ratio is 20.
40%. About Armstrong World Industries ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries, Inc.
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