Vanguard Group Inc. Has $656.92 Million Holdings in Armstrong World Industries, Inc. (NYSE:AWI)

Vanguard Group Inc. increased its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,648,141 shares of the construction company's stock after purchasing an additional 34,579 shares during the quarter. Vanguard Group Inc. owned approximately 10.66% of Armstrong World Industries worth $656,922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Madison Investment Advisors LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $75,242,000. Raymond James Financial Inc. bought a new position in Armstrong World Industries in the fourth quarter valued at approximately $8,375,000. State Street Corp grew its holdings in Armstrong World Industries by 3.7% during the 3rd quarter. State Street Corp now owns 1,454,150 shares of the construction company's stock worth $191,119,000 after acquiring an additional 51,839 shares during the period. Geode Capital Management LLC raised its position in shares of Armstrong World Industries by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 851,620 shares of the construction company's stock valued at $111,954,000 after acquiring an additional 34,028 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Armstrong World Industries by 11.0% in the 4th quarter. Allianz Asset Management GmbH now owns 310,723 shares of the construction company's stock valued at $43,914,000 after purchasing an additional 30,878 shares during the period. 98.93% of the stock is owned by institutional investors.

Armstrong World Industries Stock Down 3.3 %

Shares of NYSE:AWI traded down $4.47 during trading on Friday, hitting $130.56. 379,820 shares of the company's stock traded hands, compared to its average volume of 269,576. The company has a 50-day moving average price of $147.04 and a 200-day moving average price of $145.77. Armstrong World Industries, Inc. has a 52 week low of $109.82 and a 52 week high of $164.40. 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 $5.67 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20.

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 for the quarter, beating the consensus estimate of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company 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 company earned $1.22 earnings per share. The business's quarterly revenue was up 17.7% compared to the same quarter last year. As a group, research analysts forecast that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.308 dividend. This represents a $1.23 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, March 6th. Armstrong World Industries's dividend payout ratio is 20.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AWI. The Goldman Sachs Group lifted their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Truist Financial increased their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, UBS Group boosted their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $153.33.

Armstrong World Industries Company 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.