Armstrong World Industries, Inc. (NYSE:AWI) Shares Purchased by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC raised its position in Armstrong World Industries, Inc. (NYSE:AWI) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,660 shares of the construction company’s stock after buying an additional 290 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Armstrong World Industries were worth $1,083,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Transcendent Capital Group LLC purchased a new position in Armstrong World Industries in the third quarter valued at about $26,000. ORG Wealth Partners LLC purchased a new position in shares of Armstrong World Industries during the 4th quarter valued at approximately $32,000. Fortitude Family Office LLC acquired a new stake in shares of Armstrong World Industries during the fourth quarter worth approximately $33,000. V Square Quantitative Management LLC bought a new stake in shares of Armstrong World Industries in the third quarter worth $31,000. Finally, Point72 DIFC Ltd acquired a new stake in Armstrong World Industries in the third quarter valued at $47,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Trading Down 0.1 %

Shares of NYSE AWI opened at $150.27 on Monday. Armstrong World Industries, Inc. has a 12-month low of $97.47 and a 12-month high of $164.40. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock’s 50 day simple moving average is $150.20 and its 200 day simple moving average is $137.89.

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

Analyst Ratings Changes

AWI has been the subject of several recent analyst reports. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Evercore ISI boosted their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Loop Capital boosted their price target on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, UBS Group upped their price target on Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $140.83.

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.