Dimensional Fund Advisors LP Sells 33,668 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Dimensional Fund Advisors LP cut its position in Armstrong World Industries, Inc. (NYSE:AWI) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,034,394 shares of the construction company’s stock after selling 33,668 shares during the quarter. Dimensional Fund Advisors LP owned about 2.36% of Armstrong World Industries worth $117,134,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AWI. Jupiter Asset Management Ltd. bought a new position in shares of Armstrong World Industries in the 1st quarter valued at about $2,081,000. Assenagon Asset Management S.A. increased its position in Armstrong World Industries by 107.3% during the second quarter. Assenagon Asset Management S.A. now owns 64,316 shares of the construction company’s stock worth $7,283,000 after buying an additional 33,290 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in Armstrong World Industries during the first quarter worth approximately $3,097,000. Los Angeles Capital Management LLC bought a new stake in Armstrong World Industries in the first quarter valued at approximately $39,183,000. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $918,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AWI has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Evercore ISI lifted their target price on shares of Armstrong World Industries from $119.00 to $127.00 and gave the stock an “in-line” rating in a report on Wednesday, July 31st. Finally, UBS Group increased their price target on shares of Armstrong World Industries from $122.00 to $136.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.75.

Armstrong World Industries Stock Down 0.4 %

AWI stock opened at $131.30 on Monday. Armstrong World Industries, Inc. has a fifty-two week low of $68.35 and a fifty-two week high of $134.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.76 and a quick ratio of 1.19. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.73 and a beta of 1.14. The business’s fifty day moving average price is $124.53 and its two-hundred day moving average price is $119.65.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $360.36 million. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. Armstrong World Industries’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.38 earnings per share. On average, equities analysts anticipate that Armstrong World Industries, Inc. will post 6.07 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, August 8th. Armstrong World Industries’s dividend payout ratio is currently 21.05%.

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.