New York State Teachers Retirement System Lowers Position in Armstrong World Industries, Inc. (NYSE:AWI)

New York State Teachers Retirement System trimmed its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,600 shares of the construction company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in Armstrong World Industries were worth $1,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AWI. Jupiter Asset Management Ltd. lifted its position in shares of Armstrong World Industries by 1,369.3% in the second quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company’s stock worth $27,872,000 after buying an additional 229,378 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Armstrong World Industries by 46.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company’s stock worth $52,155,000 after acquiring an additional 145,133 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Armstrong World Industries by 35.0% during the 2nd quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company’s stock valued at $48,049,000 after acquiring an additional 110,111 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Armstrong World Industries by 171.0% in the second quarter. Squarepoint Ops LLC now owns 125,951 shares of the construction company’s stock valued at $14,263,000 after purchasing an additional 79,475 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Armstrong World Industries by 27.8% in the second quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company’s stock worth $35,385,000 after purchasing an additional 67,954 shares during the last quarter. 98.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AWI shares. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Jefferies Financial Group boosted their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Truist Financial upped their price objective on Armstrong World Industries from $148.00 to $162.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI lifted their target price on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Loop Capital raised their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Trading Up 0.8 %

Shares of NYSE AWI opened at $153.70 on Friday. Armstrong World Industries, Inc. has a fifty-two week low of $79.39 and a fifty-two week high of $154.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.96 and a beta of 1.13. The business’s 50 day moving average price is $134.39 and its 200-day moving average price is $123.98.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. On average, sell-side analysts expect that Armstrong World Industries, Inc. will post 6.17 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.80%. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, November 7th. Armstrong World Industries’s payout ratio is 19.75%.

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.