Inceptionr LLC Grows Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Inceptionr LLC grew its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 55.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,827 shares of the construction company’s stock after buying an additional 3,492 shares during the quarter. Inceptionr LLC’s holdings in Armstrong World Industries were worth $1,389,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AWI. Transcendent Capital Group LLC acquired a new position in shares of Armstrong World Industries during the third quarter worth $26,000. ORG Wealth Partners LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter worth $32,000. Quent Capital LLC lifted its position in shares of Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after purchasing an additional 170 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter worth $33,000. Finally, Point72 DIFC Ltd acquired a new stake in Armstrong World Industries in the third quarter valued at $47,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group upped their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday. Truist Financial upped 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. Finally, The Goldman Sachs Group upped their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $153.33.

Armstrong World Industries Stock Up 2.4 %

AWI stock opened at $152.77 on Thursday. 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 firm has a fifty day moving average price of $148.34 and a two-hundred day moving average price of $143.13. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.60 and a beta of 1.19.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share 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 firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.81%. 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.