Venturi Wealth Management LLC Buys 140 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Venturi Wealth Management LLC lifted its position in Armstrong World Industries, Inc. (NYSE:AWI) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,858 shares of the construction company’s stock after buying an additional 140 shares during the quarter. Venturi Wealth Management LLC’s holdings in Armstrong World Industries were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its position in shares of Armstrong World Industries by 64.3% in the 3rd quarter. CWM LLC now owns 1,058 shares of the construction company’s stock valued at $139,000 after acquiring an additional 414 shares during the period. Creative Planning lifted its stake in Armstrong World Industries by 7.3% in the 3rd quarter. Creative Planning now owns 2,079 shares of the construction company’s stock valued at $273,000 after purchasing an additional 141 shares during the last quarter. Blue Trust Inc. lifted its stake in Armstrong World Industries by 5.9% in the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after purchasing an additional 79 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Armstrong World Industries by 48.6% during 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 period. Finally, Mount Yale Investment Advisors LLC acquired a new position in Armstrong World Industries during the third quarter worth approximately $192,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Stock Down 2.0 %

AWI stock opened at $149.16 on Friday. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. 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 stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.67 and a beta of 1.19. The business’s fifty day moving average price is $147.74 and its two-hundred day moving average price is $141.14.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries’s dividend payout ratio is 21.69%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group raised their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Evercore ISI raised their price target on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Truist Financial upped their price objective on shares of 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 increased their price objective 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. Finally, StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.