Global Retirement Partners LLC Increases Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Global Retirement Partners LLC raised its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 29.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Natixis Advisors LLC raised its position in Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock worth $64,678,000 after buying an additional 67,798 shares during the last quarter. State Street Corp raised its holdings in shares of Armstrong World Industries by 3.7% during the third quarter. State Street Corp now owns 1,454,150 shares of the construction company’s stock valued at $191,119,000 after purchasing an additional 51,839 shares during the last quarter. Geode Capital Management LLC lifted its position in Armstrong World Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock valued at $111,954,000 after purchasing an additional 34,028 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Armstrong World Industries by 48.6% in the third quarter. Assenagon Asset Management S.A. now owns 95,567 shares of the construction company’s stock worth $12,560,000 after purchasing an additional 31,251 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Armstrong World Industries by 166.2% in the 3rd quarter. Bank of Montreal Can now owns 48,963 shares of the construction company’s stock worth $6,417,000 after purchasing an additional 30,570 shares during the period. Institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

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

Armstrong World Industries Stock Performance

AWI opened at $146.72 on Monday. The company has a 50 day simple moving average of $147.60 and a two-hundred day simple moving average of $141.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The firm has a market cap of $6.40 billion, a P/E ratio of 25.88, a PEG ratio of 1.62 and a beta of 1.19. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40.

Armstrong World Industries Announces Dividend

The firm also recently declared 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 is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.84%. Armstrong World Industries’s payout ratio is presently 21.69%.

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.