Fuller & Thaler Asset Management Inc. Has $270.66 Million Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Fuller & Thaler Asset Management Inc. lessened its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,915,064 shares of the construction company's stock after selling 43,009 shares during the quarter. Armstrong World Industries comprises 1.0% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 13th biggest position. Fuller & Thaler Asset Management Inc. owned 4.39% of Armstrong World Industries worth $270,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AWI. Tealwood Asset Management Inc. lifted its holdings in shares of Armstrong World Industries by 0.8% during the 4th quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company's stock worth $1,313,000 after acquiring an additional 71 shares during the period. Arizona State Retirement System lifted its stake in Armstrong World Industries by 0.7% during the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock worth $1,792,000 after purchasing an additional 82 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Armstrong World Industries by 6.7% in the 4th quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock valued at $215,000 after purchasing an additional 95 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Armstrong World Industries by 1.7% in the 4th quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock valued at $865,000 after purchasing an additional 97 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Armstrong World Industries by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,106 shares of the construction company's stock worth $2,700,000 after buying an additional 120 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Analyst Ratings Changes

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

Armstrong World Industries Stock Performance

NYSE:AWI opened at $132.58 on Wednesday. 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 $110.68 and a fifty-two week high of $164.40. The company has a 50 day simple moving average of $141.86 and a two-hundred day simple moving average of $145.83. The company has a market capitalization of $5.76 billion, a PE ratio of 23.38, a P/E/G ratio of 1.60 and a beta of 1.20.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced 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 business had revenue of $367.70 million during the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. Armstrong World Industries's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 earnings per share. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, March 6th. Armstrong World Industries's dividend payout ratio is 20.40%.

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.

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