ORG Wealth Partners LLC Purchases Shares of 223 Armstrong World Industries, Inc. (NYSE:AWI)

ORG Wealth Partners LLC acquired a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 223 shares of the construction company’s stock, valued at approximately $32,000.

A number of other hedge funds have also made changes to their positions in the business. Transcendent Capital Group LLC acquired a new position in Armstrong World Industries in the third quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new position in shares of Armstrong World Industries in the 3rd quarter valued at $31,000. Fortitude Family Office LLC purchased a new position in shares of Armstrong World Industries in the 4th quarter valued at $33,000. Point72 DIFC Ltd acquired a new stake in Armstrong World Industries during the 3rd quarter worth $47,000. Finally, UMB Bank n.a. lifted its position in Armstrong World Industries by 53.7% in the third quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock valued at $58,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $141.25 on Friday. The business has a 50 day simple moving average of $150.88 and a 200-day simple moving average of $134.85. Armstrong World Industries, Inc. has a 12 month low of $96.69 and a 12 month 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. The stock has a market capitalization of $6.16 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $386.60 million during the quarter, compared to analysts’ expectations of $386.69 million. During the same quarter last year, the business earned $1.60 EPS. The business’s revenue was up 11.3% on a year-over-year basis. Equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a dividend of $0.308 per share. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, November 7th. This represents a $1.23 annualized dividend and a yield of 0.87%. Armstrong World Industries’s payout ratio is presently 21.69%.

Analyst Ratings Changes

AWI has been the topic of several research reports. Truist Financial raised their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Loop Capital increased their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI upped their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $140.83.

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.