Squarepoint Ops LLC Sells 30,200 Shares of Armstrong World Industries, Inc. (NYSE:AWI)

Squarepoint Ops LLC lessened its position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 64.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,478 shares of the construction company's stock after selling 30,200 shares during the quarter. Squarepoint Ops LLC's holdings in Armstrong World Industries were worth $2,329,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AWI. SG Americas Securities LLC lifted its holdings in 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 buying an additional 6,251 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in shares of Armstrong World Industries during the 4th quarter valued at $233,000. Blue Trust Inc. raised its position in shares of Armstrong World Industries by 11.4% during the 4th quarter. Blue Trust Inc. now owns 1,591 shares of the construction company's stock valued at $209,000 after acquiring an additional 163 shares during the last quarter. KBC Group NV lifted its stake in shares of Armstrong World Industries by 62.1% in the 4th quarter. KBC Group NV now owns 1,822 shares of the construction company's stock valued at $258,000 after purchasing an additional 698 shares during the period. Finally, Pacer Advisors Inc. bought a new position in shares of Armstrong World Industries in the 4th quarter worth $285,000. Institutional investors and hedge funds own 98.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Truist Financial lifted their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Loop Capital lowered their price target 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. Bank of America increased their price target on shares of Armstrong World Industries from $162.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their price objective on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, UBS Group increased their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Armstrong World Industries currently has an average rating of "Hold" and an average price target of $157.57.

Armstrong World Industries Stock Down 1.1%

Shares of NYSE:AWI traded down $1.66 during midday trading on Monday, reaching $153.97. 232,482 shares of the company were exchanged, compared to its average volume of 275,354. The firm has a market cap of $6.69 billion, a PE ratio of 27.16, a P/E/G ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The stock has a fifty day simple moving average of $144.53 and a two-hundred day simple moving average of $147.65. 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 (NYSE:AWI - Get Free Report) last released its earnings results on Tuesday, April 29th. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.11. The firm 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%. The company's revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 EPS. As a group, sell-side analysts forecast that Armstrong World Industries, Inc. will post 6.18 earnings per share for the current year.

Armstrong World Industries Announces Dividend

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