Intrepid Capital Management Inc. Has $243,000 Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Intrepid Capital Management Inc. cut its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 84.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,718 shares of the construction company's stock after selling 9,522 shares during the quarter. Intrepid Capital Management Inc.'s holdings in Armstrong World Industries were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. ORG Wealth Partners LLC purchased a new stake in shares of Armstrong World Industries in the 4th quarter worth about $32,000. Quent Capital LLC boosted 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 buying an additional 170 shares during the period. Fortitude Family Office LLC purchased a new position in Armstrong World Industries during the 4th quarter worth $33,000. Twin Tree Management LP acquired a new position in shares of Armstrong World Industries during the fourth quarter worth $43,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Armstrong World Industries in the 3rd quarter worth $47,000. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Stock Performance

AWI traded down $4.47 during trading on Friday, hitting $130.56. The stock had a trading volume of 379,820 shares, compared to its average volume of 268,263. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The firm has a market capitalization of $5.67 billion, a P/E ratio of 23.03, a PEG ratio of 1.60 and a beta of 1.20. 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 company's 50-day moving average price is $147.04 and its 200 day moving average price is $145.89.

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Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.13. The firm 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%. Armstrong World Industries's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share. On average, equities research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.94%. Armstrong World Industries's payout ratio is 20.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AWI shares. The Goldman Sachs Group upped 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. StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. UBS Group raised their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, Truist Financial increased 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 note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Armstrong World Industries has a consensus rating of "Hold" and an average 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.