Global Retirement Partners LLC Boosts Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Global Retirement Partners LLC boosted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,215 shares of the construction company’s stock after purchasing an additional 724 shares during the period. Global Retirement Partners LLC’s holdings in Armstrong World Industries were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of AWI. Transcendent Capital Group LLC bought a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in shares of Armstrong World Industries during the fourth quarter worth $32,000. Quent Capital LLC boosted its stake in shares of Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after purchasing an additional 170 shares during the period. Fortitude Family Office LLC bought a new position in shares of Armstrong World Industries in the fourth quarter worth about $33,000. Finally, Point72 DIFC Ltd purchased a new position in Armstrong World Industries in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 98.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Loop Capital raised their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Evercore ISI upped their target price on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. UBS Group raised their price target on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Truist Financial upped their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $142.60.

Armstrong World Industries Stock Down 1.8 %

Shares of NYSE AWI opened at $146.72 on Monday. The stock has a market capitalization of $6.40 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19. 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 stock’s fifty day simple moving average is $147.60 and its two-hundred day simple moving average is $141.62.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.308 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.84%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.69%.

Armstrong World Industries 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.