O Shaughnessy Asset Management LLC Buys 869 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

O Shaughnessy Asset Management LLC grew its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 12.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,714 shares of the construction company’s stock after acquiring an additional 869 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Armstrong World Industries were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in Armstrong World Industries in the 4th quarter valued at about $32,000. Quent Capital LLC grew its position in shares of Armstrong World Industries by 288.1% in 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 last quarter. Fortitude Family Office LLC bought a new position in shares of Armstrong World Industries during the fourth quarter worth approximately $33,000. Twin Tree Management LP bought a new position in shares of Armstrong World Industries during the fourth quarter worth approximately $43,000. Finally, Point72 DIFC Ltd bought a new stake in Armstrong World Industries in the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Down 3.3 %

Shares of AWI opened at $130.56 on Monday. The firm has a 50 day simple moving average of $147.04 and a two-hundred day simple moving average of $146.01. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40. The company has a market cap of $5.67 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.60 and a beta of 1.20.

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

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.308 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.94%. Armstrong World Industries’s payout ratio is currently 20.40%.

Analyst Ratings Changes

Several brokerages have weighed in on AWI. UBS Group lifted their price objective 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. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. The Goldman Sachs Group boosted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Truist Financial raised their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $153.33.

About Armstrong World Industries

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.