Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 962,931 shares of the construction company's stock after selling 41,977 shares during the period. Dimensional Fund Advisors LP owned about 2.21% of Armstrong World Industries worth $136,095,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tidal Investments LLC lifted its stake in shares of Armstrong World Industries by 8.0% during the third quarter. Tidal Investments LLC now owns 5,141 shares of the construction company's stock valued at $676,000 after buying an additional 381 shares during the period. Franklin Resources Inc. raised its holdings in Armstrong World Industries by 53.0% in the 3rd quarter. Franklin Resources Inc. now owns 22,982 shares of the construction company's stock valued at $3,175,000 after acquiring an additional 7,958 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Armstrong World Industries by 20.7% during the 4th quarter. GAMMA Investing LLC now owns 1,839 shares of the construction company's stock worth $260,000 after purchasing an additional 316 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Armstrong World Industries during the fourth quarter worth $33,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Armstrong World Industries in the fourth quarter valued at $32,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Armstrong World Industries Trading Up 1.8 %

Shares of AWI stock traded up $2.59 during mid-day trading on Thursday, reaching $147.61. The company's stock had a trading volume of 77,452 shares, compared to its average volume of 273,471. The company's 50 day simple moving average is $140.45 and its 200-day simple moving average is $145.98. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Armstrong World Industries, Inc. has a 12-month low of $110.68 and a 12-month high of $164.40. The firm has a market capitalization of $6.42 billion, a PE ratio of 26.09, 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 data on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $370.71 million. During the same period last year, the company posted $1.38 earnings per share. The firm's revenue was up 17.3% compared to the same quarter last year. On average, research analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS 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 issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's dividend payout ratio is presently 20.40%.

Analyst Ratings Changes

A number of analysts have issued reports on AWI shares. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Truist Financial boosted their target price on shares of Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. 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 report on Wednesday, February 26th. Loop Capital dropped their price objective on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.