Graham Capital Management L.P. Raises Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Graham Capital Management L.P. raised its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 123.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,027 shares of the construction company’s stock after acquiring an additional 11,614 shares during the quarter. Graham Capital Management L.P.’s holdings in Armstrong World Industries were worth $2,972,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AWI. Deutsche Bank AG boosted its holdings in Armstrong World Industries by 48.8% during the fourth quarter. Deutsche Bank AG now owns 39,402 shares of the construction company’s stock worth $5,569,000 after buying an additional 12,927 shares in the last quarter. Crestline Management LP acquired a new stake in shares of Armstrong World Industries during the 4th quarter valued at about $283,000. Cubist Systematic Strategies LLC raised its holdings in Armstrong World Industries by 102.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 19,965 shares of the construction company’s stock worth $2,822,000 after purchasing an additional 10,094 shares during the period. Bosun Asset Management LLC boosted its position in Armstrong World Industries by 19.0% during the fourth quarter. Bosun Asset Management LLC now owns 3,921 shares of the construction company’s stock worth $554,000 after purchasing an additional 625 shares in the last quarter. Finally, Brevan Howard Capital Management LP grew its holdings in Armstrong World Industries by 7.7% in the fourth quarter. Brevan Howard Capital Management LP now owns 6,811 shares of the construction company’s stock valued at $963,000 after purchasing an additional 489 shares during the period. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AWI has been the topic of a number of recent analyst reports. UBS Group increased their target price on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Truist Financial increased their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Loop Capital cut their target price on shares of Armstrong World Industries from $163.00 to $158.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. StockNews.com lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group increased their target price on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Armstrong World Industries presently has an average rating of “Hold” and a consensus target price of $155.50.

Armstrong World Industries Trading Up 0.6 %

AWI opened at $152.50 on Friday. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The company’s 50 day simple moving average is $140.31 and its two-hundred day simple moving average is $146.54. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $382.70 million during the quarter, compared to analysts’ expectations of $370.71 million. During the same period in the prior year, the business earned $1.38 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 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.