Teacher Retirement System of Texas Has $2.77 Million Stock Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Teacher Retirement System of Texas trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 9.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,631 shares of the construction company's stock after selling 2,009 shares during the period. Teacher Retirement System of Texas' holdings in Armstrong World Industries were worth $2,774,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Armstrong World Industries by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 472,300 shares of the construction company's stock valued at $62,074,000 after buying an additional 18,333 shares during the period. Citigroup Inc. raised its holdings in Armstrong World Industries by 7.3% in the third quarter. Citigroup Inc. now owns 32,697 shares of the construction company's stock worth $4,297,000 after purchasing an additional 2,215 shares during the period. Cerity Partners LLC boosted its position in shares of Armstrong World Industries by 31.1% during the third quarter. Cerity Partners LLC now owns 17,038 shares of the construction company's stock worth $2,239,000 after purchasing an additional 4,044 shares in the last quarter. Bank of Montreal Can increased its position in shares of Armstrong World Industries by 166.2% in the 3rd quarter. Bank of Montreal Can now owns 48,963 shares of the construction company's stock valued at $6,417,000 after buying an additional 30,570 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Armstrong World Industries by 196.1% in the 3rd quarter. Quantbot Technologies LP now owns 5,389 shares of the construction company's stock valued at $708,000 after buying an additional 3,569 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

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Armstrong World Industries Stock Performance

Shares of NYSE:AWI traded down $4.79 during trading on Friday, reaching $139.49. 218,614 shares of the stock were exchanged, compared to its average volume of 272,650. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40. The stock has a 50-day moving average price of $148.27 and a 200-day moving average price of $145.45. 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 firm has a market cap of $6.06 billion, a PE ratio of 24.60, a PEG ratio of 1.60 and a beta of 1.25.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $364.98 million. During the same period in the previous year, the company posted $1.22 EPS. The firm's quarterly revenue was up 17.7% on a year-over-year basis. Research analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given 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 was Thursday, March 6th. Armstrong World Industries's dividend payout ratio is 20.40%.

Analysts Set New Price Targets

A number of brokerages recently commented on AWI. StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. UBS Group increased 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, February 26th. Truist Financial raised their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group boosted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Armstrong World Industries 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.