SG Americas Securities LLC Lowers Position in Armstrong World Industries, Inc. (NYSE:AWI)

SG Americas Securities LLC reduced its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 80.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 977 shares of the construction company's stock after selling 3,941 shares during the quarter. SG Americas Securities LLC's holdings in Armstrong World Industries were worth $128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Armstrong World Industries during the 2nd quarter worth approximately $362,000. Sanctuary Advisors LLC purchased a new stake in Armstrong World Industries in the second quarter worth $537,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Armstrong World Industries by 31.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 14,775 shares of the construction company's stock valued at $1,673,000 after buying an additional 3,557 shares during the period. Algert Global LLC purchased a new position in shares of Armstrong World Industries during the 2nd quarter valued at $1,011,000. Finally, Mackenzie Financial Corp grew its stake in shares of Armstrong World Industries by 29.9% during the 2nd quarter. Mackenzie Financial Corp now owns 3,117 shares of the construction company's stock worth $353,000 after acquiring an additional 718 shares during the period. Hedge funds and other institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

NYSE:AWI traded down $3.83 during mid-day trading on Friday, reaching $136.19. The stock had a trading volume of 323,290 shares, compared to its average volume of 310,948. Armstrong World Industries, Inc. has a one year low of $72.30 and a one year high of $142.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.76. The firm has a 50 day moving average price of $130.29 and a two-hundred day moving average price of $121.96. The stock has a market capitalization of $5.96 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.92 and a beta of 1.14.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.07. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The company had revenue of $365.10 million during the quarter, compared to analysts' expectations of $360.36 million. During the same quarter in the prior year, the company earned $1.38 EPS. The firm's revenue was up 12.2% on a year-over-year basis. As a group, analysts expect that Armstrong World Industries, Inc. will post 6.07 earnings per share for the current year.

Armstrong World Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.308 per share. The ex-dividend date is Thursday, November 7th. This is a boost from Armstrong World Industries's previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 0.90%. Armstrong World Industries's payout ratio is 21.05%.

Analysts Set New Price Targets

AWI has been the subject of a number of research reports. Jefferies Financial Group increased their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, August 20th. Truist Financial increased their target price on Armstrong World Industries from $131.00 to $148.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Evercore ISI raised their price target on Armstrong World Industries from $119.00 to $127.00 and gave the stock an "in-line" rating in a report on Wednesday, July 31st. Finally, UBS Group boosted their price objective on Armstrong World Industries from $122.00 to $136.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $133.00.

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.