Bosun Asset Management LLC Buys 625 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Bosun Asset Management LLC raised its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 19.0% during the 4th quarter, HoldingsChannel reports. The firm owned 3,921 shares of the construction company’s stock after purchasing an additional 625 shares during the quarter. Bosun Asset Management LLC’s holdings in Armstrong World Industries were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AWI. ORG Wealth Partners LLC acquired a new position in Armstrong World Industries during the 4th quarter worth $32,000. Quent Capital LLC lifted its position 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 purchasing an additional 170 shares during the last quarter. Fortitude Family Office LLC bought a new stake in Armstrong World Industries during the 4th quarter valued at approximately $33,000. Twin Tree Management LP acquired a new stake in Armstrong World Industries in the 4th quarter valued at approximately $43,000. Finally, Farther Finance Advisors LLC increased its position 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 worth $60,000 after buying an additional 202 shares during the period. Institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AWI. The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 28th. 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 note on Wednesday, February 26th. Truist Financial boosted their price target 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. StockNews.com downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Loop Capital lowered their price objective on Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $155.50.

Armstrong World Industries Stock Up 0.1 %

Shares of AWI opened at $150.06 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $140.37 and a two-hundred day moving average price of $146.25. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, April 29th. The construction company reported $1.66 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 during the quarter, compared to the consensus estimate of $370.71 million. During the same quarter last year, the company earned $1.38 EPS. Armstrong World Industries’s revenue was up 17.3% on a year-over-year basis. Equities analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, May 8th. Armstrong World Industries’s payout ratio is 19.68%.

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.