Fox Run Management L.L.C. Has $502,000 Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Fox Run Management L.L.C. cut its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 44.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,554 shares of the construction company's stock after selling 2,819 shares during the quarter. Fox Run Management L.L.C.'s holdings in Armstrong World Industries were worth $502,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $1,908,000. American Century Companies Inc. raised its stake in Armstrong World Industries by 13.1% in the 4th quarter. American Century Companies Inc. now owns 89,549 shares of the construction company's stock worth $12,656,000 after purchasing an additional 10,340 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Armstrong World Industries by 3,217.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 929 shares of the construction company's stock valued at $131,000 after purchasing an additional 901 shares during the period. Xponance Inc. grew its position in shares of Armstrong World Industries by 9.8% during the 4th quarter. Xponance Inc. now owns 3,195 shares of the construction company's stock worth $452,000 after purchasing an additional 284 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in shares of Armstrong World Industries during the fourth quarter worth approximately $43,000. 98.93% of the stock is currently owned by institutional investors.

Armstrong World Industries Price Performance

Shares of NYSE:AWI traded down $4.79 during trading on Friday, hitting $139.49. 218,614 shares of the company were exchanged, compared to its average volume of 272,650. Armstrong World Industries, Inc. has a 1-year low of $110.68 and a 1-year high of $164.40. The company has a market capitalization of $6.06 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The business's 50 day moving average is $148.27 and its 200-day moving average is $145.45.

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

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, March 6th. Armstrong World Industries's payout ratio is 20.40%.

Wall Street Analysts Forecast Growth

AWI has been the subject of several recent research reports. 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 research note on Wednesday, February 26th. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. 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 research note on Friday, February 28th. Finally, Truist Financial upped their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $153.33.

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.