Victory Capital Management Inc. Lowers Position in Armstrong World Industries, Inc. (NYSE:AWI)

Victory Capital Management Inc. cut its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 39.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,454 shares of the construction company's stock after selling 16,976 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Armstrong World Industries worth $3,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its holdings in shares of Armstrong World Industries by 133.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,257 shares of the construction company's stock worth $178,000 after buying an additional 719 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Armstrong World Industries by 103.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,265 shares of the construction company's stock worth $179,000 after purchasing an additional 643 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Armstrong World Industries by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock valued at $80,000 after purchasing an additional 376 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Armstrong World Industries during the fourth quarter valued at about $4,135,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Armstrong World Industries by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 380,281 shares of the construction company's stock worth $53,745,000 after purchasing an additional 2,149 shares during the last quarter. Institutional investors own 98.93% of the company's stock.

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Armstrong World Industries Stock Up 1.1 %

AWI traded up $1.60 during midday trading on Wednesday, hitting $143.06. The company had a trading volume of 258,974 shares, compared to its average volume of 269,200. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.60 and a beta of 1.25. The stock's 50 day moving average price is $148.57 and its 200 day moving average price is $144.47. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. 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 announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.13. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $367.70 million during the quarter, compared to analysts' expectations of $364.98 million. During the same quarter last year, the firm posted $1.22 earnings per share. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, research analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 0.86%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries's dividend payout ratio (DPR) is 20.40%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AWI. 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 increased their price objective on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. The Goldman Sachs Group raised their target price on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Truist Financial upped their price target on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Armstrong World Industries has an average rating of "Hold" and an average price target of $153.33.

About Armstrong World Industries

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.