Armstrong World Industries, Inc. (NYSE:AWI) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC lifted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,537 shares of the construction company’s stock after purchasing an additional 2,339 shares during the quarter. MML Investors Services LLC owned about 0.06% of Armstrong World Industries worth $3,356,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $26,000. V Square Quantitative Management LLC acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $31,000. Allspring Global Investments Holdings LLC raised its position in shares of Armstrong World Industries by 41.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company’s stock worth $35,000 after purchasing an additional 89 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Armstrong World Industries during the 3rd quarter worth approximately $47,000. Finally, UMB Bank n.a. raised its position in shares of Armstrong World Industries by 53.7% during the 3rd quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock worth $58,000 after purchasing an additional 153 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AWI has been the subject of a number of recent analyst reports. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. UBS Group increased their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Loop Capital increased their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Truist Financial increased their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Stock Performance

Shares of NYSE AWI opened at $153.65 on Friday. The stock has a fifty day moving average price of $148.73 and a two-hundred day moving average price of $131.14. 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 $6.70 billion, a P/E ratio of 27.10, a PEG ratio of 2.01 and a beta of 1.15. Armstrong World Industries, Inc. has a 1 year low of $95.24 and a 1 year high of $164.40.

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

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a dividend of $0.308 per share. The ex-dividend date was Thursday, November 7th. This is a positive change from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries’s dividend payout ratio (DPR) is currently 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.