Armstrong World Industries, Inc. (NYSE:AWI) Shares Bought by Taylor Hoffman Capital Management LLC

Taylor Hoffman Capital Management LLC lifted its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,677 shares of the construction company’s stock after buying an additional 293 shares during the period. Armstrong World Industries comprises 2.2% of Taylor Hoffman Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Taylor Hoffman Capital Management LLC owned approximately 0.10% of Armstrong World Industries worth $6,173,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quent Capital LLC raised its stake in shares of Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after buying an additional 170 shares in the last quarter. Twin Tree Management LP purchased a new position in Armstrong World Industries in the 4th quarter valued at approximately $43,000. Farther Finance Advisors LLC increased its stake in Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company’s stock valued at $60,000 after purchasing an additional 202 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Armstrong World Industries by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company’s stock valued at $80,000 after purchasing an additional 376 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Armstrong World Industries in the 4th quarter valued at approximately $114,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Stock Performance

Armstrong World Industries stock opened at $159.57 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The stock has a fifty day moving average of $142.25 and a two-hundred day moving average of $147.47. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.11. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business had revenue of $382.70 million for the quarter, compared to analysts’ expectations of $370.71 million. During the same quarter last year, the firm earned $1.38 earnings per share. The business’s revenue was up 17.3% on a year-over-year basis. On average, analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

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 issued a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 8th. Armstrong World Industries’s dividend payout ratio (DPR) is 19.68%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AWI. Truist Financial raised their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Loop Capital dropped their price objective on Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group raised their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 28th. UBS Group raised their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Bank of America raised their price objective on Armstrong World Industries from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Armstrong World Industries currently has an average rating of “Hold” and a consensus target price of $157.57.

About Armstrong World Industries

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.