KLP Kapitalforvaltning AS Purchases Shares of 13,500 Armstrong World Industries, Inc. (NYSE:AWI)

KLP Kapitalforvaltning AS acquired a new position in Armstrong World Industries, Inc. (NYSE:AWI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,500 shares of the construction company’s stock, valued at approximately $1,908,000.

Several other institutional investors have also recently made changes to their positions in the business. ORG Wealth Partners LLC purchased a new stake in Armstrong World Industries during the fourth quarter valued at approximately $32,000. Quent Capital LLC boosted its stake in shares of Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after acquiring an additional 170 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at $33,000. Twin Tree Management LP purchased a new stake in shares of Armstrong World Industries in the 4th quarter worth $43,000. Finally, Point72 DIFC Ltd bought a new position in Armstrong World Industries in the 3rd quarter worth $47,000. Institutional investors own 98.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AWI shares. UBS Group boosted their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. StockNews.com downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. Truist Financial raised their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group upped their price target 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $153.33.

Armstrong World Industries Stock Down 0.1 %

Shares of AWI opened at $144.33 on Friday. The business’s 50 day moving average is $148.46 and its 200 day moving average is $145.16. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40. The company has a market capitalization of $6.27 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $367.70 million for the quarter, compared to analysts’ expectations of $364.98 million. During the same quarter last year, the business posted $1.22 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.85%. The ex-dividend date was Thursday, March 6th. Armstrong World Industries’s payout ratio is currently 20.40%.

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.