California Public Employees Retirement System Purchases 282 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

California Public Employees Retirement System increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 84,260 shares of the construction company’s stock after buying an additional 282 shares during the quarter. California Public Employees Retirement System owned 0.19% of Armstrong World Industries worth $8,284,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AWI. SG Americas Securities LLC boosted its holdings in Armstrong World Industries by 29.3% during the third quarter. SG Americas Securities LLC now owns 12,992 shares of the construction company’s stock worth $935,000 after purchasing an additional 2,946 shares during the last quarter. Simplicity Solutions LLC grew its holdings in shares of Armstrong World Industries by 11.2% in the 3rd quarter. Simplicity Solutions LLC now owns 4,678 shares of the construction company’s stock valued at $337,000 after acquiring an additional 470 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Armstrong World Industries by 4.8% in the third quarter. Verdence Capital Advisors LLC now owns 4,047 shares of the construction company’s stock valued at $291,000 after acquiring an additional 186 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Armstrong World Industries by 23.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,397 shares of the construction company’s stock valued at $533,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Armstrong World Industries during the third quarter worth about $224,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on AWI shares. UBS Group boosted their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Truist Financial upped their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, Evercore ISI lifted their target price on Armstrong World Industries from $117.00 to $119.00 and gave the stock an “in-line” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $110.17.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $115.62 on Friday. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.71 and a beta of 1.12. The company has a current ratio of 1.79, a quick ratio of 1.07 and a debt-to-equity ratio of 0.93. Armstrong World Industries, Inc. has a 12 month low of $62.03 and a 12 month high of $125.56. The stock’s 50 day moving average is $120.11 and its 200-day moving average is $101.78.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.15. The firm had revenue of $326.30 million for the quarter, compared to analyst estimates of $319.44 million. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. Equities research analysts expect that Armstrong World Industries, Inc. will post 5.91 EPS for the current year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, May 8th. Armstrong World Industries’s dividend payout ratio (DPR) is 21.05%.

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.