Advantage Alpha Capital Partners LP Cuts Stake in Armstrong World Industries, Inc. (NYSE:AWI)

Advantage Alpha Capital Partners LP lessened its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 39.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,954 shares of the construction company’s stock after selling 15,988 shares during the period. Advantage Alpha Capital Partners LP owned about 0.06% of Armstrong World Industries worth $3,527,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in Armstrong World Industries in the fourth quarter valued at approximately $32,000. Quent Capital LLC lifted its position in shares of Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after buying an additional 170 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of Armstrong World Industries during the 4th quarter worth $33,000. Twin Tree Management LP purchased a new stake in Armstrong World Industries in the 4th quarter worth about $43,000. Finally, Point72 DIFC Ltd bought a new stake in Armstrong World Industries in the 3rd quarter valued at about $47,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Price Performance

AWI opened at $140.88 on Monday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.60 and a beta of 1.25. 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’s 50 day simple moving average is $148.54 and its 200 day simple moving average is $144.83. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $364.98 million. During the same quarter in the previous year, the business earned $1.22 EPS. Armstrong World Industries’s revenue was up 17.7% compared to the same quarter last year. As a group, analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, March 6th. Armstrong World Industries’s dividend payout ratio (DPR) is currently 20.40%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AWI. StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th. The Goldman Sachs Group boosted their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 28th. UBS Group raised their price target on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Finally, Truist Financial boosted their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Hold” and a consensus target price of $153.33.

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.