Capital Group Private Client Services Inc. Sells 2,416 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Capital Group Private Client Services Inc. lowered its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,935 shares of the construction company's stock after selling 2,416 shares during the quarter. Capital Group Private Client Services Inc. owned about 0.58% of Armstrong World Industries worth $35,606,000 as of its most recent SEC filing.

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

Armstrong World Industries Stock Up 1.4 %

NYSE:AWI traded up $1.92 during trading hours on Wednesday, hitting $134.41. 103,790 shares of the company traded hands, compared to its average volume of 271,361. The firm's 50-day simple moving average is $141.86 and its 200-day simple moving average is $145.83. The company has a market cap of $5.84 billion, a PE ratio of 23.71, a PEG ratio of 1.60 and a beta of 1.20. 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 one year low of $110.68 and a one year high of $164.40.

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

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.308 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.23 annualized dividend and a yield of 0.92%. Armstrong World Industries's payout ratio is currently 20.40%.

Analyst Ratings Changes

A number of equities research analysts have commented on AWI shares. Truist Financial raised their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. UBS Group upped their price target on Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group raised their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $153.33.

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.