Y Intercept Hong Kong Ltd Has $926,000 Position in Armstrong World Industries, Inc. (NYSE:AWI)

Y Intercept Hong Kong Ltd increased its position in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,553 shares of the construction company’s stock after purchasing an additional 707 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Armstrong World Industries were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC lifted its holdings in Armstrong World Industries by 16.0% during the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock worth $64,678,000 after purchasing an additional 67,798 shares during the last quarter. Quest Partners LLC raised its holdings in Armstrong World Industries by 32.9% in the 3rd quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock valued at $2,625,000 after acquiring an additional 4,945 shares in the last quarter. Geode Capital Management LLC raised its holdings in Armstrong World Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock valued at $111,954,000 after acquiring an additional 34,028 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Armstrong World Industries by 89.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock valued at $1,447,000 after acquiring an additional 5,191 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Armstrong World Industries in the 3rd quarter valued at $1,035,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group lifted their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a “neutral” rating in a report on Wednesday. Truist Financial lifted their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. Finally, StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $148.00.

Armstrong World Industries Trading Down 0.7 %

Shares of AWI opened at $151.21 on Friday. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40. The business’s fifty day moving average is $147.86 and its 200-day moving average is $142.17. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 1.60 and a beta of 1.19.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. During the same quarter last year, the company posted $1.22 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.308 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.81%. Armstrong World Industries’s payout ratio is 20.40%.

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.