Cooke & Bieler LP Sells 25,110 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Cooke & Bieler LP trimmed its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499,870 shares of the construction company's stock after selling 25,110 shares during the quarter. Cooke & Bieler LP owned 1.15% of Armstrong World Industries worth $70,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC raised its holdings in Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company's stock worth $64,678,000 after purchasing an additional 67,798 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Armstrong World Industries in the fourth quarter worth about $8,375,000. State Street Corp increased its stake in Armstrong World Industries by 3.7% during the third quarter. State Street Corp now owns 1,454,150 shares of the construction company's stock worth $191,119,000 after acquiring an additional 51,839 shares during the last quarter. Geode Capital Management LLC increased its stake in Armstrong World Industries by 4.2% during the third quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock worth $111,954,000 after acquiring an additional 34,028 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Armstrong World Industries by 11.0% during the fourth quarter. Allianz Asset Management GmbH now owns 310,723 shares of the construction company's stock valued at $43,914,000 after buying an additional 30,878 shares during the last quarter. 98.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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Armstrong World Industries Stock Down 3.9 %

Shares of NYSE AWI opened at $143.73 on Tuesday. The stock has a 50 day moving average price of $148.74 and a 200 day moving average price of $143.86. 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 firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.60 and a beta of 1.25. Armstrong World Industries, Inc. has a 52-week low of $110.68 and a 52-week 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.13. The company had revenue of $367.70 million during the quarter, compared to analyst estimates of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. Armstrong World Industries's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. Sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.308 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.23 dividend on an annualized basis and a yield of 0.86%. Armstrong World Industries's dividend payout ratio is currently 20.40%.

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.

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