Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC trimmed its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392,201 shares of the construction company's stock after selling 60,350 shares during the quarter. River Road Asset Management LLC owned 0.90% of Armstrong World Industries worth $55,430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp lifted its position in shares of Armstrong World Industries by 3.7% during the third 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of Armstrong World Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock worth $111,954,000 after purchasing an additional 34,028 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Armstrong World Industries by 16.0% in the third quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company's stock valued at $64,678,000 after acquiring an additional 67,798 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Armstrong World Industries by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company's stock valued at $62,074,000 after acquiring an additional 18,333 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Armstrong World Industries by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 380,281 shares of the construction company's stock valued at $53,745,000 after acquiring an additional 2,149 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms recently weighed in on AWI. StockNews.com downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Truist Financial lifted their target price on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. UBS Group lifted their target price on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group lifted their target price on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $153.33.

Armstrong World Industries Stock Up 3.0 %

Shares of AWI stock traded up $4.10 during trading hours on Friday, reaching $140.10. 554,076 shares of the company's stock were exchanged, compared to its average volume of 283,591. Armstrong World Industries, Inc. has a 1 year low of $110.68 and a 1 year high of $164.40. The stock has a market cap of $6.09 billion, a PE ratio of 24.71, a PEG ratio of 1.60 and a beta of 1.25. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock's fifty day moving average price is $148.59 and its two-hundred day moving average price is $143.99.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.13. The firm had revenue of $367.70 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 earnings per share. Research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.308 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.88%. Armstrong World Industries's dividend payout ratio is currently 20.40%.

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.