Twin Tree Management LP Invests $43,000 in Armstrong World Industries, Inc. (NYSE:AWI)

Twin Tree Management LP purchased a new position in Armstrong World Industries, Inc. (NYSE:AWI) in the fourth quarter, Holdings Channel reports. The fund purchased 301 shares of the construction company’s stock, valued at approximately $43,000.

A number of other hedge funds have also made changes to their positions in the stock. Tealwood Asset Management Inc. lifted its position in shares of Armstrong World Industries by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock worth $1,313,000 after purchasing an additional 71 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Armstrong World Industries by 4.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock worth $245,000 after purchasing an additional 76 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Armstrong World Industries by 0.7% in the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company’s stock worth $1,792,000 after purchasing an additional 82 shares in the last quarter. Blue Trust Inc. increased its holdings in Armstrong World Industries by 6.7% in the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company’s stock worth $215,000 after buying an additional 95 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in Armstrong World Industries by 1.7% in the fourth quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company’s stock worth $865,000 after buying an additional 97 shares during the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Trading Up 1.1 %

Shares of AWI stock opened at $143.06 on Thursday. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $148.58 and its two-hundred day moving average is $144.46. The company has a market cap of $6.22 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25.

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

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.86%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 20.40%.

Wall Street Analyst Weigh In

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

About Armstrong World Industries

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.