State of Wyoming Sells 2,023 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

State of Wyoming trimmed its position in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 43.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,621 shares of the construction company's stock after selling 2,023 shares during the period. State of Wyoming's holdings in Armstrong World Industries were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AWI. Arizona State Retirement System grew its stake in Armstrong World Industries by 0.7% in the fourth quarter. Arizona State Retirement System now owns 12,683 shares of the construction company's stock valued at $1,792,000 after acquiring an additional 82 shares during the period. Blue Trust Inc. grew its position in Armstrong World Industries by 6.7% in the 4th quarter. Blue Trust Inc. now owns 1,523 shares of the construction company's stock valued at $215,000 after purchasing an additional 95 shares during the period. Sanctuary Advisors LLC grew its position in Armstrong World Industries by 1.7% in the 4th quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company's stock valued at $865,000 after purchasing an additional 97 shares during the period. Treasurer of the State of North Carolina increased its stake in Armstrong World Industries by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,106 shares of the construction company's stock valued at $2,700,000 after purchasing an additional 120 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Armstrong World Industries by 8.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,858 shares of the construction company's stock valued at $263,000 after purchasing an additional 140 shares in the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AWI has been the topic of a number of recent research reports. UBS Group raised their price objective on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group raised their price target 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. Wall Street Zen downgraded Armstrong World Industries from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Loop Capital lowered their price objective on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, 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, May 15th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock traded down $0.79 during mid-day trading on Monday, hitting $154.40. 175,885 shares of the stock were exchanged, compared to its average volume of 276,201. Armstrong World Industries, Inc. has a 12 month low of $110.68 and a 12 month high of $164.40. The company has a 50-day simple moving average of $143.10 and a 200 day simple moving average of $147.58. The company has a market capitalization of $6.71 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.60 and a beta of 1.36. 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 (NYSE:AWI - Get Free Report) last issued 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 business 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. Armstrong World Industries's quarterly revenue was up 17.3% compared to the same quarter last year. Sell-side analysts anticipate that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, May 8th. Armstrong World Industries's payout ratio is 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.