Stifel Financial Corp Acquires 3,446 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Stifel Financial Corp increased its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWIFree Report) by 4.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 87,885 shares of the construction company’s stock after purchasing an additional 3,446 shares during the quarter. Stifel Financial Corp’s holdings in Armstrong World Industries were worth $8,641,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Headlands Technologies LLC acquired a new position in Armstrong World Industries during the 4th quarter worth approximately $27,000. GAMMA Investing LLC acquired a new position in Armstrong World Industries during the 4th quarter worth approximately $49,000. SRS Capital Advisors Inc. boosted its position in Armstrong World Industries by 19.7% during the 3rd quarter. SRS Capital Advisors Inc. now owns 2,209 shares of the construction company’s stock worth $159,000 after acquiring an additional 363 shares during the last quarter. Principal Securities Inc. acquired a new position in Armstrong World Industries during the 4th quarter worth approximately $185,000. Finally, Johnson Investment Counsel Inc. acquired a new position in Armstrong World Industries during the 4th quarter worth approximately $204,000. 98.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AWI has been the subject of a number of recent research reports. The Goldman Sachs Group upped their price target on Armstrong World Industries from $111.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. UBS Group upped their price target on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Thursday, March 28th. Truist Financial increased their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Evercore ISI increased their price objective on Armstrong World Industries from $117.00 to $119.00 and gave the company an “in-line” rating in a report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $110.17.

View Our Latest Analysis on AWI

Armstrong World Industries Trading Down 0.5 %

NYSE AWI opened at $115.17 on Friday. The company has a market cap of $5.04 billion, a PE ratio of 21.65, a PEG ratio of 1.71 and a beta of 1.16. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.93. Armstrong World Industries, Inc. has a 12 month low of $66.44 and a 12 month high of $125.56. The stock has a 50 day moving average of $116.80 and a 200-day moving average of $108.57.

Armstrong World Industries (NYSE:AWIGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.23 by $0.15. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. The company had revenue of $326.30 million during the quarter, compared to the consensus estimate of $319.44 million. During the same quarter in the prior year, the firm posted $1.12 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Armstrong World Industries, Inc. will post 5.89 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, May 8th. Armstrong World Industries’s dividend payout ratio is 21.05%.

About Armstrong World Industries

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Armstrong World Industries (NYSE:AWI)

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