Stifel Financial Corp Raises Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Stifel Financial Corp lifted its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,531 shares of the construction company’s stock after buying an additional 7,935 shares during the quarter. Stifel Financial Corp owned 0.25% of Armstrong World Industries worth $15,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in Armstrong World Industries in the fourth quarter valued at $32,000. Quent Capital LLC increased its holdings in shares of Armstrong World Industries by 288.1% in the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after purchasing an additional 170 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $33,000. Twin Tree Management LP purchased a new stake in Armstrong World Industries during the fourth quarter worth about $43,000. Finally, Farther Finance Advisors LLC grew its position in Armstrong World Industries by 90.2% during the fourth quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company’s stock worth $60,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AWI. 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 report on Thursday, February 27th. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. UBS Group boosted their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $153.33.

Armstrong World Industries Price Performance

NYSE:AWI opened at $138.47 on Friday. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The company’s 50-day moving average is $140.84 and its two-hundred day moving average is $145.89. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last announced 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 business had revenue of $367.70 million for 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%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share. Research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 8th. 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.