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

Advantage Alpha Capital Partners LP lessened its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,954 shares of the construction company's stock after selling 15,988 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.06% of Armstrong World Industries worth $3,527,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tealwood Asset Management Inc. boosted its holdings in shares of Armstrong World Industries by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company's stock valued at $1,313,000 after buying an additional 71 shares during the period. Arizona State Retirement System lifted its stake in Armstrong World Industries by 0.7% in the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock valued at $1,792,000 after buying an additional 82 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Armstrong World Industries by 6.7% during the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock valued at $215,000 after acquiring an additional 95 shares during the period. Sanctuary Advisors LLC grew its position in shares of Armstrong World Industries by 1.7% during the fourth quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock worth $865,000 after acquiring an additional 97 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Armstrong World Industries by 25.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 634 shares of the construction company's stock worth $83,000 after acquiring an additional 130 shares during the period. Institutional investors own 98.93% of the company's stock.

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Armstrong World Industries Price Performance

Shares of Armstrong World Industries stock traded down $4.79 on Friday, hitting $139.49. The company had a trading volume of 218,614 shares, compared to its average volume of 272,650. 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 current ratio of 1.64 and a quick ratio of 1.11. The company has a market cap of $6.06 billion, a PE ratio of 24.60, a PEG ratio of 1.60 and a beta of 1.25. The business has a 50-day simple moving average of $148.27 and a 200-day simple moving average of $145.29.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly 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. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $367.70 million during the quarter, compared to analyst estimates of $364.98 million. During the same period last year, the company posted $1.22 EPS. The firm's quarterly revenue was up 17.7% on a year-over-year basis. Research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, March 6th. Armstrong World Industries's dividend payout ratio (DPR) is presently 20.40%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. UBS Group boosted their price objective 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. The Goldman Sachs Group raised their target price on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Truist Financial boosted their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $153.33.

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.