Natixis Advisors LLC Has $73.41 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Natixis Advisors LLC boosted its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 519,388 shares of the construction company’s stock after buying an additional 27,275 shares during the period. Natixis Advisors LLC’s holdings in Armstrong World Industries were worth $73,405,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AWI. Quest Partners LLC boosted its stake 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 worth $2,625,000 after purchasing an additional 4,945 shares during the period. Geode Capital Management LLC boosted its position in shares of Armstrong World Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company’s stock worth $111,954,000 after buying an additional 34,028 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Armstrong World Industries by 89.2% during the third quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company’s stock worth $1,447,000 after buying an additional 5,191 shares in the last quarter. Victory Capital Management Inc. raised its position in Armstrong World Industries by 230.1% in the 3rd quarter. Victory Capital Management Inc. now owns 43,430 shares of the construction company’s stock valued at $5,708,000 after buying an additional 30,273 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Armstrong World Industries in the 3rd quarter valued at approximately $1,035,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Up 3.0 %

Shares of AWI stock opened at $140.10 on Friday. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week high of $164.40. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.60 and a beta of 1.25. The firm’s 50-day moving average is $148.59 and its 200-day moving average is $144.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data 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. The firm had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. Sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued 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 0.88%. Armstrong World Industries’s dividend payout ratio is currently 20.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective 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. StockNews.com cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Truist Financial raised 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, February 27th. Finally, UBS Group upped their target price on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Armstrong World Industries currently has a consensus rating of “Hold” and a consensus price target of $153.33.

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.