Wealth Alliance Makes New $235,000 Investment in Armstrong World Industries, Inc. (NYSE:AWI)

Wealth Alliance acquired a new position in Armstrong World Industries, Inc. (NYSE:AWI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,388 shares of the construction company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. UBS Group AG lifted its stake in shares of Armstrong World Industries by 2.0% in the 2nd quarter. UBS Group AG now owns 6,401 shares of the construction company’s stock valued at $480,000 after purchasing an additional 123 shares during the period. Captrust Financial Advisors lifted its stake in shares of Armstrong World Industries by 4.3% in the 2nd quarter. Captrust Financial Advisors now owns 3,317 shares of the construction company’s stock valued at $249,000 after purchasing an additional 136 shares during the period. HighTower Advisors LLC lifted its stake in shares of Armstrong World Industries by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 13,733 shares of the construction company’s stock valued at $986,000 after purchasing an additional 143 shares during the period. LPL Financial LLC lifted its stake in shares of Armstrong World Industries by 1.2% in the 3rd quarter. LPL Financial LLC now owns 12,497 shares of the construction company’s stock valued at $900,000 after purchasing an additional 153 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Armstrong World Industries by 3.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,291 shares of the construction company’s stock valued at $309,000 after purchasing an additional 159 shares during the period. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AWI shares. The Goldman Sachs Group lifted their price objective on Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Truist Financial lifted 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. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. Finally, UBS Group upgraded Armstrong World Industries from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $103.00 in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.29.

Armstrong World Industries Stock Performance

Shares of AWI opened at $113.81 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.07. Armstrong World Industries, Inc. has a one year low of $62.03 and a one year high of $125.56. The firm has a market capitalization of $4.99 billion, a P/E ratio of 22.76, a PEG ratio of 1.77 and a beta of 1.12. The business has a fifty day moving average of $118.83 and a 200 day moving average of $98.70.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. The company had revenue of $312.30 million during the quarter, compared to analyst estimates of $305.44 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. Armstrong World Industries’s revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Armstrong World Industries, Inc. will post 5.74 EPS for the current year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.12 annualized dividend and a yield of 0.98%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 22.40%.

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.