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

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its stake in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 33.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,758 shares of the construction company's stock after selling 6,000 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Armstrong World Industries were worth $1,662,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AWI. Vanguard Group Inc. increased its position in Armstrong World Industries by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,648,141 shares of the construction company's stock worth $656,922,000 after purchasing an additional 34,579 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Armstrong World Industries by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 887,358 shares of the construction company's stock worth $125,444,000 after buying an additional 35,738 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Armstrong World Industries by 140.4% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 666,000 shares of the construction company's stock valued at $94,126,000 after buying an additional 389,000 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Armstrong World Industries by 267.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 532,602 shares of the construction company's stock valued at $75,273,000 after buying an additional 387,537 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in Armstrong World Industries during the fourth quarter worth approximately $75,242,000. 98.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on AWI shares. UBS Group boosted their price target on Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. StockNews.com downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th. Loop Capital decreased their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group upped their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $155.50.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $152.50 on Friday. The firm has a fifty day moving average of $140.31 and a 200-day moving average of $146.54. 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 52-week low of $110.68 and a 52-week high of $164.40. The firm has a market capitalization of $6.62 billion, a P/E ratio of 26.90, a PEG ratio of 1.60 and a beta of 1.36.

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. As a group, analysts predict that Armstrong World Industries, Inc. will post 6.18 EPS for the current year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.308 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.81%. Armstrong World Industries's dividend payout ratio is currently 19.68%.

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.

Want to see what other hedge funds are holding AWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armstrong World Industries, Inc. (NYSE:AWI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.