Squarepoint Ops LLC Trims Position in Armstrong World Industries, Inc. (NYSE:AWI)

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

Several other institutional investors have also recently made changes to their positions in AWI. Quent Capital LLC raised its stake in Armstrong World Industries by 288.1% in the fourth quarter. Quent Capital LLC now owns 229 shares of the construction company's stock valued at $32,000 after purchasing an additional 170 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Armstrong World Industries in the 4th quarter worth $43,000. Farther Finance Advisors LLC raised its position in shares of Armstrong World Industries by 90.2% during the 4th quarter. Farther Finance Advisors LLC now owns 426 shares of the construction company's stock valued at $60,000 after buying an additional 202 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Armstrong World Industries by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 567 shares of the construction company's stock worth $80,000 after acquiring an additional 376 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Armstrong World Industries in the fourth quarter worth $114,000. Institutional investors own 98.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AWI shares. Loop Capital lowered their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Truist Financial raised their price objective on Armstrong World Industries from $162.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Bank of America boosted their target price on Armstrong World Industries from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. UBS Group boosted their price objective 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $157.57.

Armstrong World Industries Trading Down 0.2%

AWI stock traded down $0.35 during midday trading on Friday, hitting $155.63. The company had a trading volume of 187,794 shares, compared to its average volume of 275,186. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.60 and a beta of 1.36. Armstrong World Industries, Inc. has a 52 week low of $110.68 and a 52 week high of $164.40. 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 stock's 50 day moving average price is $144.34 and its 200 day moving average price is $147.72.

Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The construction company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.55 by $0.11. The company had revenue of $382.70 million for the quarter, compared to the consensus estimate of $370.71 million. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm's revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 earnings per share. As a group, equities research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.308 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.79%. 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.