Barclays PLC Reduces Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

Barclays PLC trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,244 shares of the construction company's stock after selling 4,989 shares during the period. Barclays PLC's holdings in Armstrong World Industries were worth $2,437,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Armstrong World Industries by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock worth $656,922,000 after buying an additional 34,579 shares in the last quarter. Geode Capital Management LLC lifted its position in Armstrong World Industries by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock valued at $125,444,000 after acquiring an additional 35,738 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Armstrong World Industries in the 4th quarter worth $75,242,000. Natixis Advisors LLC lifted its holdings in shares of Armstrong World Industries by 5.5% during the fourth quarter. Natixis Advisors LLC now owns 519,388 shares of the construction company's stock valued at $73,405,000 after purchasing an additional 27,275 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Armstrong World Industries during the fourth quarter valued at $71,822,000. Institutional investors own 98.93% of the company's stock.

Armstrong World Industries Price Performance

Armstrong World Industries stock traded up $2.96 during mid-day trading on Friday, hitting $149.77. The stock had a trading volume of 389,230 shares, compared to its average volume of 274,140. Armstrong World Industries, Inc. has a one year low of $110.68 and a one year 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 firm has a market capitalization of $6.50 billion, a P/E ratio of 26.41, a P/E/G ratio of 1.60 and a beta of 1.36. The firm's 50 day moving average is $140.41 and its 200 day moving average is $146.15.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.11. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $382.70 million for the quarter, compared to analysts' expectations of $370.71 million. During the same period in the previous year, the firm earned $1.38 EPS. The firm's revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's payout ratio is currently 19.68%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AWI. UBS Group raised their price target 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. Loop Capital dropped their target price on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. The Goldman Sachs Group boosted 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, Truist Financial boosted their price objective 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $155.50.

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.