Rice Hall James & Associates LLC Has $27.80 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Rice Hall James & Associates LLC lowered its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,723 shares of the construction company's stock after selling 10,227 shares during the quarter. Armstrong World Industries makes up approximately 1.5% of Rice Hall James & Associates LLC's holdings, making the stock its 16th largest position. Rice Hall James & Associates LLC owned approximately 0.45% of Armstrong World Industries worth $27,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in Armstrong World Industries during the 3rd quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new position in Armstrong World Industries during the 3rd quarter valued at approximately $31,000. ORG Wealth Partners LLC acquired a new position in Armstrong World Industries during the 4th quarter valued at approximately $32,000. Quent Capital LLC boosted its position in Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after purchasing an additional 170 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in Armstrong World Industries during the 4th quarter worth $33,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Shares of AWI traded down $2.62 during midday trading on Friday, reaching $146.72. The stock had a trading volume of 327,842 shares, compared to its average volume of 209,004. 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 firm's 50 day moving average price is $147.60 and its 200-day moving average price is $141.32. The company has a market capitalization of $6.40 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.65 and a beta of 1.19.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries's dividend payout ratio is presently 21.69%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Loop Capital boosted their price target 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. UBS Group boosted their price target 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. Evercore ISI boosted their price target on Armstrong World Industries from $127.00 to $140.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Finally, Truist Financial boosted their price target on Armstrong World Industries from $148.00 to $162.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $140.83.

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.