Armstrong World Industries, Inc. (NYSE:AWI) Stock Position Decreased by First Trust Advisors LP

First Trust Advisors LP lowered its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,590 shares of the construction company's stock after selling 7,038 shares during the period. First Trust Advisors LP owned about 0.35% of Armstrong World Industries worth $21,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AWI. ORG Wealth Partners LLC bought a new stake in shares of Armstrong World Industries in the 4th quarter worth approximately $32,000. Quent Capital LLC lifted its stake in Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after buying an additional 170 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Armstrong World Industries during the fourth quarter valued at $33,000. Twin Tree Management LP acquired a new stake in shares of Armstrong World Industries in the 4th quarter worth about $43,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after acquiring an additional 202 shares during the period. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial raised their price target on shares of 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. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $153.33.

Armstrong World Industries Stock Up 0.0 %

AWI opened at $138.47 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The company has a market capitalization of $6.02 billion, a PE ratio of 24.42, a P/E/G ratio of 1.60 and a beta of 1.20. The stock's fifty day moving average is $140.84 and its 200-day moving average is $145.89. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year high of $164.40.

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

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's payout ratio is 20.40%.

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.

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