Natixis Advisors LLC Has $73.41 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Natixis Advisors LLC boosted its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 519,388 shares of the construction company’s stock after acquiring an additional 27,275 shares during the period. Natixis Advisors LLC owned approximately 1.19% of Armstrong World Industries worth $73,405,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AWI. State Street Corp lifted its position in Armstrong World Industries by 3.7% in the third quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock worth $191,119,000 after purchasing an additional 51,839 shares during the period. Geode Capital Management LLC increased its stake in Armstrong World Industries by 4.2% in the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock valued at $111,954,000 after acquiring an additional 34,028 shares during the period. Madison Investment Advisors LLC acquired a new position in Armstrong World Industries in the fourth quarter worth about $75,242,000. Charles Schwab Investment Management Inc. lifted its stake in Armstrong World Industries by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company’s stock worth $62,074,000 after purchasing an additional 18,333 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Armstrong World Industries by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 380,281 shares of the construction company’s stock valued at $53,745,000 after purchasing an additional 2,149 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Truist Financial increased their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, UBS Group upped 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 note on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $153.33.

Armstrong World Industries Trading Up 3.0 %

Shares of NYSE AWI opened at $140.10 on Friday. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The company has a 50-day moving average of $148.59 and a two-hundred day moving average of $144.12. The company has a market cap of $6.09 billion, a PE ratio of 24.71, a P/E/G ratio of 1.60 and a beta of 1.25. 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 posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.13. The firm had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 EPS. As a group, equities analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries’s payout ratio is 20.40%.

Armstrong World Industries 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.