Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,454 shares of the construction company’s stock after selling 16,976 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Armstrong World Industries worth $3,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in shares of Armstrong World Industries in the 4th quarter worth about $32,000. Quent Capital LLC raised its stake in Armstrong World Industries by 288.1% during the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company’s stock worth $32,000 after acquiring an additional 170 shares during the period. Fortitude Family Office LLC bought a new position in Armstrong World Industries in the fourth quarter worth about $33,000. Point72 DIFC Ltd acquired a new position in Armstrong World Industries in the third quarter valued at approximately $47,000. Finally, Smartleaf Asset Management LLC boosted its stake in Armstrong World Industries by 196.9% in the fourth 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 period. 98.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Armstrong World Industries Trading Up 3.0 %

Armstrong World Industries stock opened at $140.10 on Friday. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week 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. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 1.60 and a beta of 1.25. The company has a 50 day moving average price of $148.59 and a 200 day moving average price of $144.12.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.13. The company had revenue of $367.70 million for the quarter, compared to analysts’ expectations of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 EPS. Research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries’s payout ratio is currently 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.