Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP cut its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 39.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,954 shares of the construction company's stock after selling 15,988 shares during the period. Advantage Alpha Capital Partners LP owned approximately 0.06% of Armstrong World Industries worth $3,527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Armstrong World Industries by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock valued at $656,922,000 after acquiring an additional 34,579 shares in the last quarter. LPL Financial LLC lifted its position in Armstrong World Industries by 95.9% in the fourth quarter. LPL Financial LLC now owns 30,974 shares of the construction company's stock valued at $4,378,000 after purchasing an additional 15,162 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Armstrong World Industries in the 4th quarter valued at approximately $1,908,000. American Century Companies Inc. increased its position in Armstrong World Industries by 13.1% during the 4th quarter. American Century Companies Inc. now owns 89,549 shares of the construction company's stock worth $12,656,000 after purchasing an additional 10,340 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Armstrong World Industries by 3,217.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 929 shares of the construction company's stock worth $131,000 after buying an additional 901 shares in the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AWI shares. UBS Group lifted their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Truist Financial boosted their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a 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 company currently has an average rating of "Hold" and a consensus target price of $153.33.

Armstrong World Industries Price Performance

AWI traded down $0.09 during midday trading on Tuesday, reaching $145.96. 149,094 shares of the company's stock were exchanged, compared to its average volume of 266,476. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The stock has a market capitalization of $6.34 billion, a PE ratio of 25.74, a P/E/G ratio of 1.60 and a beta of 1.25. 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 business's 50-day moving average price is $148.60 and its 200 day moving average price is $145.17.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.13. The firm had revenue of $367.70 million for the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. Armstrong World Industries's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 EPS. As a group, equities analysts anticipate that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.308 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.84%. Armstrong World Industries's dividend payout ratio is currently 20.40%.

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.