New York State Common Retirement Fund Sells 2,500 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

New York State Common Retirement Fund lowered its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 10.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,697 shares of the construction company's stock after selling 2,500 shares during the quarter. New York State Common Retirement Fund's holdings in Armstrong World Industries were worth $2,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in shares of Armstrong World Industries during the 3rd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at approximately $32,000. Quent Capital LLC grew its stake in Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company's stock worth $32,000 after purchasing an additional 170 shares during the period. Fortitude Family Office LLC bought a new position in Armstrong World Industries in the fourth quarter worth $33,000. Finally, Point72 DIFC Ltd bought a new position in Armstrong World Industries in the third quarter worth $47,000. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Up 2.4 %

Shares of NYSE AWI traded up $3.58 during midday trading on Wednesday, hitting $152.77. The stock had a trading volume of 289,250 shares, compared to its average volume of 243,015. The business's 50 day moving average is $148.34 and its 200-day moving average is $143.13. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.64 billion, a P/E ratio of 26.94, a PEG ratio of 1.60 and a beta of 1.19.

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Armstrong World Industries (NYSE:AWI - Get Free Report) last released 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 business 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%. The firm's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS. As a group, analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.81%. Armstrong World Industries's payout ratio is 20.40%.

Analysts Set New Price Targets

AWI has been the topic of a number of recent research reports. UBS Group upped their target price on shares of 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 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 research note on Friday, February 28th. StockNews.com downgraded shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Truist Financial lifted their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.