Armstrong World Industries, Inc. (NYSE:AWI) Short Interest Update

Armstrong World Industries, Inc. (NYSE:AWI - Get Free Report) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 423,300 shares, a decrease of 13.3% from the February 13th total of 488,300 shares. Based on an average daily trading volume, of 237,800 shares, the short-interest ratio is currently 1.8 days. Approximately 1.0% of the company's shares are sold short.

Armstrong World Industries Stock Down 0.1 %

NYSE:AWI traded down $0.19 during trading hours on Friday, reaching $140.88. 561,672 shares of the company traded hands, compared to its average volume of 266,321. 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 business's 50-day moving average price is $148.54 and its two-hundred day moving average price is $144.83. Armstrong World Industries has a 1 year low of $110.68 and a 1 year high of $164.40. The stock has a market capitalization of $6.12 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.60 and a beta of 1.25.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly 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 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 analyst estimates of $364.98 million. During the same quarter in the previous year, the firm earned $1.22 EPS. Armstrong World Industries's quarterly revenue was up 17.7% compared to the same quarter last year. Analysts predict that Armstrong World Industries will post 6.18 earnings per share for the current year.

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Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, March 6th. Armstrong World Industries's payout ratio is 20.40%.

Institutional Investors Weigh In On Armstrong World Industries

Several institutional investors and hedge funds have recently made changes to their positions in AWI. Tealwood Asset Management Inc. boosted its stake in Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company's stock valued at $1,313,000 after purchasing an additional 71 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Armstrong World Industries by 4.3% during the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company's stock valued at $245,000 after buying an additional 76 shares during the last quarter. Arizona State Retirement System increased its holdings in Armstrong World Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock worth $1,792,000 after buying an additional 82 shares in the last quarter. Tidal Investments LLC raised its position in Armstrong World Industries by 1.8% in the 4th quarter. Tidal Investments LLC now owns 5,234 shares of the construction company's stock worth $740,000 after buying an additional 93 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Armstrong World Industries by 6.7% during the 4th quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock valued at $215,000 after acquiring an additional 95 shares during the period. Institutional investors own 98.93% of the company's stock.

Wall Street Analyst Weigh In

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. Truist Financial upped their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group upped their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Armstrong World Industries has an average rating of "Hold" and a consensus target price 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.