Venturi Wealth Management LLC Has $263,000 Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Venturi Wealth Management LLC grew its position in Armstrong World Industries, Inc. (NYSE:AWI) by 8.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,858 shares of the construction company’s stock after buying an additional 140 shares during the period. Venturi Wealth Management LLC’s holdings in Armstrong World Industries were worth $263,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in Armstrong World Industries during the third quarter worth about $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Armstrong World Industries during the fourth quarter worth about $32,000. Quent Capital LLC lifted its holdings 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 purchasing an additional 170 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of Armstrong World Industries in the 4th quarter valued at approximately $33,000. Finally, Point72 DIFC Ltd bought a new stake in Armstrong World Industries during the 3rd quarter worth approximately $47,000. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

Shares of AWI opened at $149.16 on Friday. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.67 and a beta of 1.19. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40. The firm has a fifty day simple moving average of $147.74 and a 200 day simple moving average of $141.14. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.83%. Armstrong World Industries’s dividend payout ratio is 21.69%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AWI. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Evercore ISI raised their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. UBS Group upped their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Loop Capital lifted their price target on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Truist Financial boosted their price target on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.83.

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.