Barclays PLC Sells 43,111 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Barclays PLC decreased its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 66.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,233 shares of the construction company's stock after selling 43,111 shares during the period. Barclays PLC owned about 0.05% of Armstrong World Industries worth $2,923,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AWI. Y Intercept Hong Kong Ltd purchased a new stake in shares of Armstrong World Industries during the third quarter worth $768,000. MML Investors Services LLC increased its position in Armstrong World Industries by 10.1% in the 3rd quarter. MML Investors Services LLC now owns 25,537 shares of the construction company's stock worth $3,356,000 after purchasing an additional 2,339 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Armstrong World Industries by 37.3% during the 3rd quarter. Jane Street Group LLC now owns 63,513 shares of the construction company's stock worth $8,348,000 after purchasing an additional 17,263 shares in the last quarter. State Street Corp lifted its holdings in shares of Armstrong World Industries by 3.7% during the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company's stock valued at $191,119,000 after buying an additional 51,839 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Armstrong World Industries by 12.2% in the 3rd quarter. Stifel Financial Corp now owns 99,596 shares of the construction company's stock valued at $13,090,000 after buying an additional 10,811 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Trading Up 1.1 %

Shares of NYSE:AWI traded up $1.57 during trading on Wednesday, hitting $144.72. 47,741 shares of the company's stock were exchanged, compared to its average volume of 294,270. The firm has a 50-day moving average price of $150.22 and a two-hundred day moving average price of $132.85. Armstrong World Industries, Inc. has a 1-year low of $95.24 and a 1-year high of $164.40. The firm has a market cap of $6.31 billion, a P/E ratio of 25.52, a PEG ratio of 2.01 and a beta of 1.15. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $386.60 million during the quarter, compared to analysts' expectations of $386.69 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. Equities analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.85%. This is an increase from Armstrong World Industries's previous quarterly dividend of $0.28. The ex-dividend date was Thursday, November 7th. Armstrong World Industries's dividend payout ratio (DPR) is currently 21.69%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AWI. Evercore ISI raised their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Loop Capital upped their price objective on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Truist Financial raised their target price on Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, UBS Group boosted their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $140.83.

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.