Ensign Peak Advisors Inc Sells 1,893 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Ensign Peak Advisors Inc lowered its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,150 shares of the construction company's stock after selling 1,893 shares during the period. Ensign Peak Advisors Inc's holdings in Armstrong World Industries were worth $2,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in shares of Armstrong World Industries by 11.1% in the fourth quarter. Principal Securities Inc. now owns 2,751 shares of the construction company's stock valued at $389,000 after purchasing an additional 274 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Armstrong World Industries by 8.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,184 shares of the construction company's stock valued at $874,000 after purchasing an additional 456 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Armstrong World Industries by 11.4% in the fourth quarter. Blue Trust Inc. now owns 1,591 shares of the construction company's stock valued at $209,000 after purchasing an additional 163 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Armstrong World Industries by 639.8% in the fourth quarter. SG Americas Securities LLC now owns 7,228 shares of the construction company's stock valued at $1,022,000 after purchasing an additional 6,251 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Armstrong World Industries by 7.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,565 shares of the construction company's stock valued at $1,069,000 after purchasing an additional 555 shares in the last quarter. Institutional investors own 98.93% of the company's stock.

Analyst Upgrades and Downgrades

AWI has been the topic of a number of recent research reports. StockNews.com lowered Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Bank of America raised 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 on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group lifted their price target on Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Truist Financial lifted their price target on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Armstrong World Industries presently has an average rating of "Hold" and a consensus target price of $157.57.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $158.69 on Friday. 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 business's fifty day simple moving average is $141.01 and its 200 day simple moving average is $147.02. 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 $6.89 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36.

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

Armstrong World Industries Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.23 annualized dividend and a dividend yield of 0.78%. Armstrong World Industries's payout ratio is presently 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.