301 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Acquired by Twin Tree Management LP

Twin Tree Management LP purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 301 shares of the construction company’s stock, valued at approximately $43,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its stake in shares of Armstrong World Industries by 1.1% in the fourth quarter. Corient Private Wealth LLC now owns 14,267 shares of the construction company’s stock worth $2,016,000 after purchasing an additional 160 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Armstrong World Industries by 7.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,565 shares of the construction company’s stock valued at $1,069,000 after buying an additional 555 shares in the last quarter. Globeflex Capital L P grew its position in Armstrong World Industries by 90.0% in the 4th quarter. Globeflex Capital L P now owns 1,900 shares of the construction company’s stock valued at $269,000 after buying an additional 900 shares in the last quarter. Natixis Advisors LLC grew its position in Armstrong World Industries by 5.5% in the 4th quarter. Natixis Advisors LLC now owns 519,388 shares of the construction company’s stock valued at $73,405,000 after buying an additional 27,275 shares in the last quarter. Finally, Madison Investment Advisors LLC bought a new position in Armstrong World Industries in the 4th quarter valued at about $75,242,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $143.06 on Thursday. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.60 and a beta of 1.25. The firm has a 50-day moving average of $148.58 and a two-hundred day moving average of $144.46.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $367.70 million during the quarter, compared to the consensus estimate of $364.98 million. During the same period in the prior year, the company earned $1.22 EPS. Armstrong World Industries’s revenue was up 17.7% on a year-over-year basis. As a group, analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries’s dividend payout ratio is presently 20.40%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AWI shares. The Goldman Sachs Group increased their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, February 28th. StockNews.com lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report 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 company a “buy” rating in a research report on Thursday, February 27th. Finally, UBS Group increased their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Armstrong World Industries presently has an average rating of “Hold” and an average target price of $153.33.

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.