Armstrong World Industries, Inc. (NYSE:AWI) Position Boosted by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC boosted its holdings in Armstrong World Industries, Inc. (NYSE:AWI) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,660 shares of the construction company’s stock after acquiring an additional 290 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Armstrong World Industries were worth $1,083,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AWI. Transcendent Capital Group LLC bought a new position in shares of Armstrong World Industries in the third quarter worth $26,000. V Square Quantitative Management LLC acquired a new stake in Armstrong World Industries in the third quarter worth about $31,000. ORG Wealth Partners LLC bought a new position in Armstrong World Industries in the 4th quarter valued at about $32,000. Fortitude Family Office LLC acquired a new position in Armstrong World Industries during the 4th quarter valued at about $33,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Armstrong World Industries during the 3rd quarter worth about $47,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $150.27 on Monday. The company has a market capitalization of $6.55 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. 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 $150.20 and a 200-day moving average of $137.89. Armstrong World Industries, Inc. has a one year low of $97.47 and a one year high of $164.40.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. The business had revenue of $386.60 million during the quarter, compared to the consensus estimate of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. Armstrong World Industries’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. As a group, equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AWI has been the subject of several recent analyst reports. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Truist Financial increased their price target on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Loop Capital boosted their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, UBS Group lifted their target price on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $140.83.

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.