2,661 Shares in Armstrong World Industries, Inc. (NYSE:AWI) Purchased by First National Bank Sioux Falls

First National Bank Sioux Falls purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,661 shares of the construction company’s stock, valued at approximately $262,000.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC boosted its stake in Armstrong World Industries by 25.9% in the third quarter. FMR LLC now owns 1,625,940 shares of the construction company’s stock worth $117,068,000 after buying an additional 334,065 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of Armstrong World Industries by 18.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,080,384 shares of the construction company’s stock valued at $77,788,000 after acquiring an additional 167,169 shares during the last quarter. Cooke & Bieler LP boosted its holdings in Armstrong World Industries by 10.2% during the 4th quarter. Cooke & Bieler LP now owns 1,316,653 shares of the construction company’s stock valued at $129,453,000 after acquiring an additional 121,586 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Armstrong World Industries by 55.9% in the third quarter. Envestnet Asset Management Inc. now owns 223,178 shares of the construction company’s stock worth $16,069,000 after purchasing an additional 79,995 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Armstrong World Industries by 45.2% in the 3rd quarter. AQR Capital Management LLC now owns 208,550 shares of the construction company’s stock worth $15,016,000 after acquiring an additional 64,937 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Armstrong World Industries from $95.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. The Goldman Sachs Group upped their target price on Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, UBS Group upgraded shares of Armstrong World Industries from a “sell” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $103.00 in a report on Thursday, January 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.17.

Armstrong World Industries Stock Up 1.5 %

Shares of NYSE AWI traded up $1.77 during mid-day trading on Tuesday, hitting $116.48. 270,022 shares of the stock traded hands, compared to its average volume of 370,139. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.75 and a beta of 1.12. The stock has a fifty day moving average price of $119.44 and a 200-day moving average price of $100.03. Armstrong World Industries, Inc. has a 52 week low of $62.03 and a 52 week high of $125.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.07 and a current ratio of 1.61.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The firm had revenue of $312.30 million for the quarter, compared to the consensus estimate of $305.44 million. During the same period in the prior year, the firm earned $1.08 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that Armstrong World Industries, Inc. will post 5.74 EPS for the current year.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.12 annualized dividend and a dividend yield of 0.96%. Armstrong World Industries’s payout ratio is 22.40%.

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.