Crossmark Global Holdings Inc. Sells 6,473 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Crossmark Global Holdings Inc. cut its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 66.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,203 shares of the construction company's stock after selling 6,473 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Armstrong World Industries were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Jupiter Asset Management Ltd. bought a new stake in shares of Armstrong World Industries during the first quarter valued at approximately $2,081,000. Assenagon Asset Management S.A. raised its stake in 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 valued at $7,283,000 after buying an additional 33,290 shares during the last quarter. Sei Investments Co. raised its stake in Armstrong World Industries by 185.3% during the first quarter. Sei Investments Co. now owns 52,241 shares of the construction company's stock valued at $6,489,000 after buying an additional 33,927 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in Armstrong World Industries during the first quarter valued at $938,000. Finally, Redwood Investment Management LLC purchased a new position in Armstrong World Industries during the first quarter valued at $1,501,000. 98.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI lifted their price objective on 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. Jefferies Financial Group lifted their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. 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 note on Wednesday, October 30th. StockNews.com upgraded Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. Finally, Truist Financial boosted their price target on Armstrong World Industries from $148.00 to $162.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $140.83.

Armstrong World Industries Stock Up 0.0 %

Armstrong World Industries stock opened at $153.28 on Friday. The stock has a market cap of $6.68 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. 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 one year low of $81.47 and a one year high of $157.51. The stock has a fifty day moving average of $137.42 and a 200 day moving average of $125.29.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 40.67% and a net margin of 17.95%. Armstrong World Industries's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, November 7th. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.28. Armstrong World Industries's dividend payout ratio is 21.69%.

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.