Avior Wealth Management LLC Sells 618 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Avior Wealth Management LLC decreased its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,798 shares of the construction company’s stock after selling 618 shares during the period. Avior Wealth Management LLC’s holdings in Armstrong World Industries were worth $1,243,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in Armstrong World Industries in the third quarter worth about $26,000. V Square Quantitative Management LLC bought a new stake in Armstrong World Industries in the third quarter worth about $31,000. ORG Wealth Partners LLC bought a new stake in Armstrong World Industries in the fourth quarter worth about $32,000. Fortitude Family Office LLC bought a new stake in Armstrong World Industries in the fourth quarter worth about $33,000. Finally, Point72 DIFC Ltd bought a new stake in Armstrong World Industries in the third quarter worth about $47,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Price Performance

Shares of NYSE:AWI opened at $150.27 on Friday. 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 $97.47 and a 12 month high of $164.40. The stock has a market cap of $6.55 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.75 and a beta of 1.18. The company has a 50 day moving average of $150.20 and a 200 day moving average of $137.55.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business had revenue of $386.60 million during the quarter, compared to analysts’ expectations of $386.69 million. During the same quarter in the previous year, the company earned $1.60 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AWI has been the topic of several research reports. Jefferies Financial Group boosted their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Loop Capital boosted their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Evercore ISI boosted their price target on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group boosted their price objective on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $140.83.

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.