BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 28,759 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 20.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,043 shares of the construction company's stock after selling 28,759 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.26% of Armstrong World Industries worth $14,726,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Armstrong World Industries by 107.3% during the second quarter. Assenagon Asset Management S.A. now owns 64,316 shares of the construction company's stock worth $7,283,000 after purchasing an additional 33,290 shares during the period. Redwood Investment Management LLC acquired a new stake in shares of Armstrong World Industries during the first quarter worth approximately $1,501,000. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Armstrong World Industries by 12.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 43,421 shares of the construction company's stock worth $5,395,000 after purchasing an additional 4,922 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Armstrong World Industries by 35.5% during the second quarter. Harbor Capital Advisors Inc. now owns 21,524 shares of the construction company's stock worth $2,437,000 after purchasing an additional 5,637 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Armstrong World Industries during the first quarter worth approximately $818,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock traded up $1.99 on Friday, reaching $159.08. The stock had a trading volume of 175,419 shares, compared to its average volume of 239,282. The business's 50-day moving average price is $140.65 and its two-hundred day moving average price is $126.76. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a fifty-two week low of $82.63 and a fifty-two week high of $159.66. The stock has a market cap of $6.93 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 2.01 and a beta of 1.13.

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

Armstrong World Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Armstrong World Industries's previous quarterly dividend of $0.28. Armstrong World Industries's payout ratio is 21.69%.

Armstrong World Industries 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.