Charles Schwab Investment Management Inc. Sells 4,461 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Charles Schwab Investment Management Inc. lessened its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 467,839 shares of the construction company’s stock after selling 4,461 shares during the period. Charles Schwab Investment Management Inc. owned 1.07% of Armstrong World Industries worth $66,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AWI. ORG Wealth Partners LLC bought a new position in shares of Armstrong World Industries in the 4th quarter valued at about $32,000. Quent Capital LLC lifted its holdings in shares of Armstrong World Industries by 288.1% in the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock valued at $32,000 after acquiring an additional 170 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of Armstrong World Industries in the 4th quarter valued at about $33,000. Point72 DIFC Ltd bought a new position in shares of Armstrong World Industries in the 3rd quarter valued at about $47,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Armstrong World Industries by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company’s stock valued at $80,000 after acquiring an additional 376 shares during the last quarter. Institutional investors own 98.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AWI shares. Truist Financial increased their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 27th. UBS Group increased their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. The Goldman Sachs Group increased their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, StockNews.com lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $153.33.

Armstrong World Industries Stock Performance

Shares of NYSE:AWI opened at $141.68 on Wednesday. The firm has a market cap of $6.16 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The firm’s 50 day simple moving average is $148.74 and its 200-day simple moving average is $143.97. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. The business had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share. As a group, equities analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 20.40%.

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.