Marshall Financial Group LLC purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,838 shares of the construction company’s stock, valued at approximately $733,000.
Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of Armstrong World Industries during the third quarter worth about $25,000. CIBC Private Wealth Group LLC raised its holdings in Armstrong World Industries by 426.5% in the third quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company’s stock valued at $35,000 after acquiring an additional 145 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Armstrong World Industries in the third quarter valued at approximately $35,000. Twin Peaks Wealth Advisors LLC purchased a new position in Armstrong World Industries in the second quarter worth approximately $32,000. Finally, Bessemer Group Inc. lifted its stake in Armstrong World Industries by 70.0% in the third quarter. Bessemer Group Inc. now owns 221 shares of the construction company’s stock worth $44,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.
Armstrong World Industries Price Performance
AWI stock opened at $165.88 on Tuesday. The business has a 50 day moving average price of $183.80 and a 200 day moving average price of $189.28. The company has a quick ratio of 1.00, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.81 and a beta of 1.33. Armstrong World Industries, Inc. has a fifty-two week low of $122.37 and a fifty-two week high of $206.08.
Armstrong World Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were paid a dividend of $0.339 per share. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, March 5th. Armstrong World Industries’s dividend payout ratio (DPR) is currently 19.21%.
Analyst Ratings Changes
A number of equities research analysts have commented on AWI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Armstrong World Industries in a research report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Armstrong World Industries in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.43.
View Our Latest Stock Report on Armstrong World Industries
About Armstrong World Industries
Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.
Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.
Further Reading
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