Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Fmr LLC

Fmr LLC cut its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,792 shares of the construction company’s stock after selling 8,400 shares during the quarter. Fmr LLC owned about 0.68% of Armstrong World Industries worth $38,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. 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 purchasing an additional 33,290 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company’s stock valued at $64,678,000 after buying an additional 67,798 shares during the period. Quest Partners LLC increased its holdings in shares of Armstrong World Industries by 32.9% during the 3rd quarter. Quest Partners LLC now owns 19,971 shares of the construction company’s stock worth $2,625,000 after buying an additional 4,945 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Armstrong World Industries by 247.4% during the 2nd quarter. Hsbc Holdings PLC now owns 11,405 shares of the construction company’s stock valued at $1,288,000 after buying an additional 8,122 shares during the period. Finally, Sei Investments Co. lifted its holdings in Armstrong World Industries by 70.7% in the second quarter. Sei Investments Co. now owns 89,196 shares of the construction company’s stock valued at $10,101,000 after acquiring an additional 36,955 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Loop Capital lifted their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Evercore ISI boosted their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. UBS Group lifted their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Truist Financial upped their price objective on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Armstrong World Industries has an average rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Stock Performance

NYSE AWI opened at $157.78 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The company has a market cap of $6.88 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.04 and a beta of 1.15. The stock has a 50-day moving average of $146.54 and a two-hundred day moving average of $129.86. Armstrong World Industries, Inc. has a 1-year low of $90.93 and a 1-year high of $164.40.

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

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a $0.308 dividend. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, November 7th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.69%.

Armstrong World Industries 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.