Swiss National Bank Has $12.15 Million Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Swiss National Bank increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,000 shares of the construction company’s stock after buying an additional 600 shares during the period. Swiss National Bank’s holdings in Armstrong World Industries were worth $12,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AWI. Tealwood Asset Management Inc. lifted its stake in shares of Armstrong World Industries by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 71 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Armstrong World Industries by 4.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after buying an additional 76 shares during the period. Arizona State Retirement System lifted its stake in Armstrong World Industries by 0.7% in the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company’s stock valued at $1,792,000 after buying an additional 82 shares during the period. Blue Trust Inc. boosted its holdings in shares of Armstrong World Industries by 6.7% during the 4th quarter. Blue Trust Inc. now owns 1,523 shares of the construction company’s stock worth $215,000 after buying an additional 95 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Armstrong World Industries by 1.7% during the 4th quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company’s stock worth $865,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of NYSE AWI opened at $143.06 on Thursday. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The firm’s 50-day simple moving average is $148.58 and its 200 day simple moving average is $144.46.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. During the same quarter last year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.308 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.86%. Armstrong World Industries’s payout ratio is 20.40%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AWI shares. UBS Group increased their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group increased their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. StockNews.com downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Truist Financial raised their price objective 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. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Armstrong World Industries has an average rating of “Hold” and an average price target of $153.33.

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.