Los Angeles Capital Management LLC Trims Position in Armstrong World Industries, Inc. (NYSE:AWI)

Los Angeles Capital Management LLC reduced its stake in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 425,358 shares of the construction company's stock after selling 19,893 shares during the quarter. Los Angeles Capital Management LLC owned about 0.98% of Armstrong World Industries worth $60,116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC raised its position in shares of Armstrong World Industries by 16.0% in the 3rd quarter. Natixis Advisors LLC now owns 492,113 shares of the construction company's stock valued at $64,678,000 after purchasing an additional 67,798 shares during the last quarter. Quest Partners LLC raised its position in shares of Armstrong World Industries by 32.9% in the 3rd quarter. Quest Partners LLC now owns 19,971 shares of the construction company's stock valued at $2,625,000 after purchasing an additional 4,945 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Armstrong World Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock valued at $111,954,000 after purchasing an additional 34,028 shares during the last quarter. BNP Paribas Financial Markets raised its position in Armstrong World Industries by 89.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,011 shares of the construction company's stock worth $1,447,000 after buying an additional 5,191 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Armstrong World Industries during the 3rd quarter worth approximately $1,035,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

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Armstrong World Industries Price Performance

AWI stock traded up $2.25 during midday trading on Friday, reaching $153.44. The stock had a trading volume of 257,512 shares, compared to its average volume of 238,303. The company's fifty day simple moving average is $148.07 and its 200 day simple moving average is $142.41. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. 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 announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.13. The company had revenue of $367.70 million for 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%. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS. As a group, sell-side analysts predict that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries's dividend payout ratio is presently 20.40%.

Wall Street Analysts Forecast Growth

AWI has been the subject of a number of recent research reports. 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 research report on Thursday. UBS Group lifted their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday. StockNews.com cut shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, The Goldman Sachs Group lifted their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Armstrong World Industries presently has a consensus rating of "Hold" and a consensus target price 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.