Capital International Investors increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI – Free Report) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,321,993 shares of the construction company’s stock after purchasing an additional 23,133 shares during the quarter. Capital International Investors owned 5.38% of Armstrong World Industries worth $443,736,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. raised its holdings in Armstrong World Industries by 7.0% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 6,294 shares of the construction company’s stock worth $1,203,000 after purchasing an additional 414 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Armstrong World Industries during the fourth quarter worth $1,245,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Armstrong World Industries by 16.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 32,700 shares of the construction company’s stock worth $6,249,000 after purchasing an additional 4,500 shares during the last quarter. Prudential PLC raised its holdings in Armstrong World Industries by 1.9% during the fourth quarter. Prudential PLC now owns 8,812 shares of the construction company’s stock worth $1,684,000 after purchasing an additional 166 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in shares of Armstrong World Industries by 28.7% in the fourth quarter. Sivia Capital Partners LLC now owns 2,451 shares of the construction company’s stock worth $468,000 after acquiring an additional 546 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.
Armstrong World Industries Stock Performance
NYSE AWI opened at $155.16 on Monday. Armstrong World Industries, Inc. has a fifty-two week low of $149.06 and a fifty-two week high of $206.08. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17. The business has a fifty day moving average of $165.32 and a 200-day moving average of $178.47. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 0.56.
Armstrong World Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a $0.339 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. Armstrong World Industries’s payout ratio is currently 19.15%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on AWI shares. Jefferies Financial Group reissued a “hold” rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. Bank of America cut their price target on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating for the company in a report on Monday, April 20th. Evercore set a $200.00 price target on Armstrong World Industries in a report on Tuesday, April 28th. Weiss Ratings cut Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, UBS Group cut their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $211.86.
Check Out Our Latest Stock Report on AWI
Armstrong World Industries Company Profile
Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.
Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.
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