Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by Jump Financial LLC

Jump Financial LLC boosted its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 29.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,805 shares of the construction company’s stock after buying an additional 5,815 shares during the period. Jump Financial LLC owned 0.06% of Armstrong World Industries worth $3,647,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AWI. Madison Investment Advisors LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter valued at approximately $75,242,000. Norges Bank acquired a new position in shares of Armstrong World Industries during the 4th quarter valued at $71,822,000. Invesco Ltd. increased its position in shares of Armstrong World Industries by 25.4% during the 4th quarter. Invesco Ltd. now owns 507,843 shares of the construction company’s stock valued at $71,773,000 after purchasing an additional 102,895 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Armstrong World Industries in the 4th quarter worth $8,375,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Armstrong World Industries by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company’s stock valued at $125,444,000 after buying an additional 35,738 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Truist Financial boosted their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. The Goldman Sachs Group raised their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, UBS Group upped their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a report 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’s stock. According to MarketBeat, Armstrong World Industries presently has an average rating of “Hold” and a consensus target price of $153.33.

Armstrong World Industries Trading Up 0.3 %

Armstrong World Industries stock opened at $134.12 on Friday. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40. 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 firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.60 and a beta of 1.20. The company has a 50 day moving average price of $143.07 and a 200 day moving average price of $145.79.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.37 by $0.13. The business had revenue of $367.70 million during the quarter, compared to analysts’ expectations of $364.98 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 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 earnings per share. Research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, March 6th. Armstrong World Industries’s dividend payout ratio (DPR) 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.