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

FMR LLC lessened its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 295,792 shares of the construction company's stock after selling 8,400 shares during the quarter. FMR LLC owned about 0.68% of Armstrong World Industries worth $38,876,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in Armstrong World Industries in the 3rd quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new position in shares of Armstrong World Industries during the 3rd quarter valued at approximately $31,000. Allspring Global Investments Holdings LLC lifted its position in shares of Armstrong World Industries by 41.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company's stock valued at $35,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Armstrong World Industries by 53.7% during the 3rd quarter. UMB Bank n.a. now owns 438 shares of the construction company's stock valued at $58,000 after buying an additional 153 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Armstrong World Industries by 33.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company's stock valued at $57,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on AWI shares. StockNews.com raised Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. Evercore ISI raised their target price on Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Loop Capital raised their price objective on Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, UBS Group raised their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $140.83.

Armstrong World Industries Stock Down 1.0 %

Shares of AWI traded down $1.56 during midday trading on Monday, hitting $156.22. The company had a trading volume of 154,129 shares, compared to its average volume of 298,231. The company's 50-day simple moving average is $146.54 and its 200-day simple moving average is $129.86. 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 $6.81 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.02 and a beta of 1.15. Armstrong World Industries, Inc. has a 1 year low of $92.29 and a 1 year high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The business had revenue of $386.60 million during the quarter, compared to analysts' expectations of $386.69 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. As a group, sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a dividend of $0.308 per share. This is a positive change from Armstrong World Industries's previous quarterly dividend of $0.28. The ex-dividend date was Thursday, November 7th. This represents a $1.23 annualized dividend and a yield of 0.79%. Armstrong World Industries's payout ratio is 21.69%.

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.