DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Decreases Stock Position in Armstrong World Industries, Inc. (NYSE:AWI)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,758 shares of the construction company's stock after selling 6,000 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Armstrong World Industries were worth $1,662,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. ORG Wealth Partners LLC acquired a new position in Armstrong World Industries during the fourth quarter worth about $32,000. Quent Capital LLC grew its position in shares of Armstrong World Industries by 288.1% during the 4th quarter. Quent Capital LLC now owns 229 shares of the construction company's stock worth $32,000 after buying an additional 170 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth approximately $33,000. Twin Tree Management LP bought a new position in shares of Armstrong World Industries in the 4th quarter worth $43,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Armstrong World Industries by 90.2% in the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock worth $60,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Analysts Set New Price Targets

AWI has been the subject of several research analyst reports. UBS Group raised their target price on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Bank of America lifted their target price on Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a report on Thursday. Loop Capital dropped their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. StockNews.com downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group boosted their price objective on Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Armstrong World Industries has a consensus rating of "Hold" and an average target price of $157.57.

Armstrong World Industries Price Performance

NYSE:AWI traded up $1.23 during trading hours on Friday, reaching $160.16. The stock had a trading volume of 51,985 shares, compared to its average volume of 314,609. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40. The company has a 50 day moving average price of $141.01 and a two-hundred day moving average price of $147.02. The stock has a market capitalization of $6.96 billion, a PE ratio of 28.25, a PEG ratio of 1.60 and a beta of 1.36.

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

Armstrong World Industries Dividend Announcement

The company 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 dividend of $0.308 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.23 annualized dividend and a yield of 0.77%. Armstrong World Industries's payout ratio is presently 19.68%.

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.