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

Amundi lowered its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,713 shares of the construction company's stock after selling 14,374 shares during the period. Amundi owned about 0.05% of Armstrong World Industries worth $3,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its stake in shares of Armstrong World Industries by 3.7% during the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company's stock worth $191,119,000 after purchasing an additional 51,839 shares in the last quarter. Geode Capital Management LLC raised its stake in Armstrong World Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock valued at $111,954,000 after purchasing an additional 34,028 shares during the last quarter. Natixis Advisors LLC lifted its holdings in 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 purchasing an additional 67,798 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Armstrong World Industries by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company's stock worth $62,074,000 after acquiring an additional 18,333 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Armstrong World Industries by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 380,281 shares of the construction company's stock worth $53,745,000 after purchasing an additional 2,149 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company's stock.

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Armstrong World Industries Trading Down 1.3 %

AWI stock traded down $1.87 during midday trading on Thursday, reaching $141.25. 257,756 shares of the company's stock traded hands, compared to its average volume of 268,867. The business has a 50-day moving average price of $148.58 and a two-hundred day moving average price of $144.46. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two 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 capitalization of $6.14 billion, a P/E ratio of 24.91, a PEG ratio of 1.60 and a beta of 1.25.

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

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries's dividend payout ratio is currently 20.40%.

Analysts Set New Price Targets

Several research firms recently commented on AWI. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. UBS Group upped their price objective on shares of 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 raised 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. Finally, The Goldman Sachs Group upped their price target 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Armstrong World Industries presently has a consensus rating of "Hold" and an average target price of $153.33.

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.