Thrivent Financial for Lutherans Sells 21,309 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Thrivent Financial for Lutherans reduced its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,074 shares of the construction company's stock after selling 21,309 shares during the quarter. Thrivent Financial for Lutherans owned about 0.26% of Armstrong World Industries worth $15,839,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its holdings in Armstrong World Industries by 3.7% in the third quarter. State Street Corp now owns 1,454,150 shares of the construction company's stock valued at $191,119,000 after acquiring an additional 51,839 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock valued at $111,954,000 after purchasing an additional 34,028 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at about $75,242,000. Natixis Advisors LLC increased its position in shares of Armstrong World Industries by 5.5% during the fourth quarter. Natixis Advisors LLC now owns 519,388 shares of the construction company's stock valued at $73,405,000 after buying an additional 27,275 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 worth $62,074,000 after buying an additional 18,333 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research firms have weighed in on AWI. UBS Group lifted their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. The Goldman Sachs Group increased their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Truist Financial boosted 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $153.33.

Armstrong World Industries Stock Down 0.1 %

Shares of NYSE:AWI traded down $0.09 on Tuesday, hitting $145.96. 149,094 shares of the company traded hands, compared to its average volume of 266,476. The stock has a 50 day simple moving average of $148.60 and a 200-day simple moving average of $145.17. 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 $6.34 billion, a PE ratio of 25.74, a PEG ratio of 1.60 and a beta of 1.25. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The business's revenue was up 17.7% on a year-over-year basis. As a group, research analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued 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 was Thursday, March 6th. Armstrong World Industries's payout ratio is 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.