1 week Ago By Defense World Staff
Corebridge Financial Inc. lowered its holdings in shares of Armstrong World Industries, Inc. ( NYSE:AWI – Free Report ) by 9.
3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing. A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc.
boosted its stake in Armstrong World Industries by 0.7% in the 4th quarter. Vanguard Group Inc.
now owns 4,648,141 shares of the construction company’s stock valued at $656,922,000 after buying an additional 34,579 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Armstrong World Industries by 95.9% in the 4th quarter.
LPL Financial LLC now owns 30,974 shares of the construction company’s stock valued at $4,378,000 after purchasing an additional 15,162 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Armstrong World Industries in the 4th quarter worth about $1,908,000. American Century Companies Inc.
increased its position in shares of Armstrong World Industries by 13.1% during the 4th quarter. American Century Companies Inc.
now owns 89,549 shares of the construction company’s stock worth $12,656,000 after purchasing an additional 10,340 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Armstrong World Industries by 3,217.
9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 929 shares of the construction company’s stock worth $131,000 after purchasing an additional 901 shares in the last quarter.
Institutional investors and hedge funds own 98.93% of the company’s stock. Analyst Upgrades and Downgrades Several brokerages have weighed in on AWI.
The Goldman Sachs Group upped their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 28th.
UBS Group increased their price target on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th.
Truist Financial lifted their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 27th.
Finally, StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock.
According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $153.33. Armstrong World Industries Stock Performance AWI stock opened at $132.
87 on Friday. The company has a 50 day moving average price of $144.74 and a 200 day moving average price of $145.
76. Armstrong World Industries, Inc. has a fifty-two week low of $110.
68 and a fifty-two week 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 stock has a market capitalization of $5.77 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.
60 and a beta of 1.20. Armstrong World Industries ( NYSE:AWI – Get Free Report ) last posted its quarterly 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 business had revenue of $367.70 million for the quarter, compared to analysts’ expectations of $364.
98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.
95%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year.
During the same quarter last year, the business earned $1.22 earnings per share. Analysts forecast that Armstrong World Industries, Inc.
will post 6.18 EPS for the current year. Armstrong World Industries Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th.
Investors of record on Thursday, March 6th were issued a $0.308 dividend. The ex-dividend date was Thursday, March 6th.
This represents a $1.23 annualized dividend and a yield of 0.93%.
Armstrong World Industries’s dividend payout ratio is currently 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 Five stocks we like better than Armstrong World Industries Manufacturing Stocks Investing Joby Aviation: Operational Momentum vs.
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